Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Exit Ticket 1 - Intro to Bus. Ch.1

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

Name one of the reasons people become entrepreneurs.

a)

Feeling insecure

b)

They are afraid to take risks

c)

They want to be independent

d)

Want a fixed salary

2.

An entrepreneur must be...

a)

Multi-skilled

b)

Lead by example

c)

Come up with original ideas

d)

All of the above

3.

What challenges does an entrepreneur face?

a)

Lack of day-to-day finance to run the business

b)

Lack of work experience

c)

Changes in external environment

d)

Building a loyal customer base

e)

All of the above

4.
Doctor: Goods or Service?
a)
Goods
b)
Service
5.
House: Goods or Service?
a)
Goods
b)
Service
6.
iPhone: Goods or Service?
a)
Goods
b)
Service
7.
You pay your sister $5 to clean your messy bedroom.
a)
Good
b)
Service
8.
Which is an example of a good?
a)
nurse
b)
mechanic
c)
basketball
d)
cook
9.

Machines are __________________

a)

Consumer goods

b)

Capital goods

10.

Fruits and Vegetables are ________________

a)

Consumer goods

b)

Capital goods

11.

Machine and money are ________________

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneur

12.

_______________ IS KNOWN AS THE NATURAL RESOURCES USED TO PRODUCE GOODS AND SERVICES

a)

Entrepreneurs

b)

Capital

c)

Labor

d)

Land

13.

This factor involves money, equipment, and tools and any items to produce goods and services?

a)

capital

b)

entrepreneur

c)

land

d)

labor

14.

The bus matron is an example of:

a)

Land

b)

Labor

c)

Entrepreneurs

d)

Capital

15.
A bulldozer is an example of...
a)
Land
b)
Labor
c)
Entrepreneurs
d)
Capital