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Entrepreneurship Midterm

Total questions: 30

Worksheet time: 30mins

Name
Class
Date
1.
Who created Facebook?
a)
Mark Zuckerberg
b)
Elon Musk
c)
JK Rowling
d)
Walt Disney
2.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
3.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
4.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
5.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
6.
ALL entrepreneurs have a college degree.
a)
True
b)
False
7.

Which is a characteristic of a successful entrepreneur?

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

8.

Entrepreneurs create ____________________ for themselves and others.

a)

wealth

b)

risk

c)

plans

d)

none of these

9.

Which trait or characteristic would describe a successful entrepreneur?

a)

Lazy

b)

Shy

c)

Bossy

d)

Self Starter

10.

Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

11.

What is a disadvantage of being an entrepreneur?

a)

You have more control over your work

b)

You have a more flexible schedule

c)

You do not always receive a regular paycheck

d)

Your work schedule is always predictable

12.

Elon Musk is one of the greatest innovators in the last 30 years. He... ((hint: choose 3 correct answers)

a)

Co-founded Google

b)

Co-founded Paypal

c)

Founded the company SpaceX

d)

Founded the company Tesla

13.

A venture capitalist is

a)

The co-founder of a successful startup

b)

The net worth of a company

c)

A manager of a business's investment, aligning with goals

d)

An investor in a business providing capital for startup

14.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
15.
Entrepreneurs look for business ideas and new and better ways to solve problems.
a)
True
b)
False
16.
Starting and owning a person's own business
a)
corporation
b)
entrepreneurship
c)
sole proprietorship
d)
partnership
17.
Having the courage to do the right thing because it is right is called
a)
Morality
b)
Integrity
c)
Honesty
d)
Immorality
18.

Someone who does contract work for different companies to complete projects or assignments is referred to as

a)

entrepreneur

b)

leader

c)

freelancer

d)

employee

19.

Which of the following is NOT a benefit of working for yourself?

a)

setting your own schedule

b)

doing what you are passionate about

c)

being your own boss

d)

punching the clock for a paycheck

20.

Which of the following is NOT a core characteristic of most entrepreneurs?

a)

risk taker

b)

selfish

c)

confidant

d)

independent

21.

Having a positive tone, smiling, saying please, thank you, and you’re welcome are all examples of ________ .

a)

Courtesty

b)

Compassion

c)

Character

d)

Confidence

22.

Which of the following is NOT a characteristic of a strong work ethic?

a)

Dependability

b)

Professionalism

c)

Tardiness

d)

Dedication

23.

_______________ is being able to manage your calendar, work, email, social media, and projects. a. Professional management b. Resource management c. Referral management d. Personal management

a)

Professional management

b)

Resource management

c)

Referral management

d)

PERSONAL management

24.

A small business is one with fewer than 500 employees.

a)

True

b)

False

25.

Professionalism means presenting yourself well in the way you dress, communicate, and represent your business.

a)

True

b)

False

26.

Having gratitude means thanking customers for their trust in you and the opportunity to serve them.

a)

True

b)

False

27.

There are no risks for entrepreneurs

a)

True

b)

False

28.

You can be an entrepreneur.

a)

True

b)

False

29.

SBA stands for small business adminstration.

a)

True

b)

False

30.

Conduct market research is one of the 10 steps listed on SBA.gov to help in starting your business.

a)

True

b)

False