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Mock Test 15(Enterpreneurship Skills)

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

People who work for someone else.

a)

A.Aptitude

b)

B. Employee

c)

C. Entrepreneurs

d)

D. Entrepreneurship

2.

Evaluation of your strengths and weaknesses

a)

A. Self Assessment

b)

B.Employee

c)

C. Entrepreneurship

d)

D. Entrepreneur

3.

People who own, operate, and take risk of a business venture:

a)

A. Aptitude

b)

B.Employee

c)

C.Entrepreneurs

d)

D.Entrepreneurship

4.

The ability to learn a particular kind of job:

a)

A.Aptitude

b)

B.Employee

c)

C.Entrepreneurship

d)

D.Entrepreneur

5.

Which one is NOT a disadvantage of Entrepreneurship?

a)

A.Risky

b)

B.Uncertain Income

c)

C.You are the boss

d)

D.Work long hours

6.

Which one is NOT an advantage of Entrepreneurship?

a)

A.Can choose a business of interest

b)

B.You can be creative

c)

C.Make a lot of money

d)

D.You will make decisions alone

7.

What type of entrepreneurial business actually produce the products they sell?

a)

A.Manufacturing

b)

B.Wholesaling

c)

C.Retailing

d)

D.Service

8.

What type of entrepreneurial business sells products to people other than the final customer?

a)

A.Manufacturing

b)

B.Wholesaling

c)

C.Retailing

d)

D.Service

9.

What type of entrepreneurial business sells products directly to the people who use or consume them?

a)

A.Manufacturing

b)

B.Wholesaling

c)

C.Retailing

d)

D.Service

10.

What type of entrepreneurial business sells service instead of a product?

a)

A. Manufacturing

b)

B.Wholesaling

c)

C.Retailing

d)

D.Service

11.

What is an office memorandum?

a)

A.Message from one person to another

b)

B.Short written form of business communication

c)

C.Short speech

d)

D.Letter

12.

If you own your own business you will need to know how to calculate your profit. Which one is a calculation of profit?

a)

A.Sales-months in a year

b)

B.Sales-expenses

c)

C.Total sales-expenses

d)

D.Monthly sales* expenses

13.

Which one is NOT a step in the problem-solving method?

a)

A.Define the problem

b)

B.Gather information

c)

C.Identify solutions

d)

D.Ignore the problem

14.

What type of economy allows the government to determine what, how, and whom products and services are produced?

a)

A.Command

b)

B.Market

15.

This economy is about personal choice. Individuals decide what, how, and for whom products and services are produced.

a)

A.Market

b)

B.Command