Free Printable Entrepreneurship 1

Worksheets

Entrepreneurship 1

Total questions: 21

Worksheet time: 17mins

Name

Class

Date

What is one of the main reasons why small businesses are strongly promoted and supported by local government?

They serve only their local communities.

They are owned by one person.

They may become a big business.

They are important to the economy.

What is a trend that affects the growth of entrepreneurial ventures?

A rise in consumers' desire for slow-response times

The shift to an agricultural-based society

A higher demand for more convenience products

The reduced need for health care and related services

Home-based businesses are attractive to many people because the businesses generally

yield higher profit margins.

provide owners a steady income.

have lower start-up costs.

require less technical training.

Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have __________ what they do.

reservations about

concerns about

apathy for

passion for

Which of the following statements is true about entrepreneurship and small business growth:

Trade regulations have very little effect on small-business growth.

Many people start entrepreneurial ventures during times of economic recession.

Small business start-ups are taxed at a higher rate than multinational companies.

Consumer spending is a primary factor that influences entrepreneurial success.

What is a disadvantage of entrepreneurship?

Fewer resources

Personal satisfaction

Lower taxes

Uncertain income

What is a disadvantage of entrepreneurship?

Fewer resources

Personal satisfaction

Lower taxes

Uncertain income

Entrepreneurs often discover business start-up ideas by looking for gaps between what is currently being done and

how things are being done.

what was done in the past.

when changes were last made.

what needs to be done.

What behavior is exhibited when an individual recognizes the possibility of an undesirable outcome and continues to work toward a goal?

Creativity

Self-discipline

Risk taking

Flexibility

10.

Governments can encourage entrepreneurial development by

increasing interest rates on loans.

deregulating and reducing taxes.

establishing higher ethical standards.

passing more legislation with strict guidelines.

11.

Which of the following statements is most likely to have a negative effect on domestic small-business growth:

Involuntary tax reductions

Restrictive loan policies

Low interest rates

Slow inflation

12.

Which of the following statements is true regarding training for entrepreneurial ventures:

Once entrepreneurs are educated or trained in their business field, they rarely need further education.

Most successful entrepreneurs have degrees from four-year colleges or universities.

The type of training and education that entrepreneurs need depends on the nature of the start-up business.

Most entrepreneurs must pass state-mandated exams to operate their business.

13.

Which of the following is a financial concern that entrepreneurs often face when starting new businesses:

Irregular paychecks

Long working hours

Shorter vacations

Lower production standards

14.

Even when times are tough for Caitlin's business venture, she tends to remain positive- she looks at the glass as half full rather than half empty. What characteristic of entrepreneurship is Caitlin exhibiting?

Organization

Optimism

Innovation

Determination

15.

The following are the reasons why people become entrepreneurs, except …………..

confidence modalities

tension modalities

emotion modalities

intelligence modalities

16.

The possible handicap(s) to start up a business is/are …..

education

age

no business idea

all of the above

17.

The characteristics of entrepreneurship is/are …..

desire for responsibility

future orientation

desire for immediate feedback

all of the above

18.

The following are the habits of successful entrepreneurs, except …………..

building a network of friends

watch TV more

listening

19.

One of the five realities of the entrepreneurs is …..

An inventor is an entrepreneur.

Everyone possesses the ability to be an entrepreneur.

Entrepreneurs do not create business opportunities.

Invention is uncontagious.

20.

The process of making changes to something that adds value to customers is …………..

an innovation

an idea

an opportunity

a creativity

21.

Three ways to identify an opportunity are …..

observing trends, solving problems, and dreaming.

observing trends, solving problems, and finding gaps in the marketplace.

planning, observing trends, and finding gaps in the marketplace.

solving problems, observing trends, and planning.

Reset

Entrepreneurship 1

Total questions: 21

Worksheet time: 17mins

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