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WorksheetsBasics of Entrepreneurship
Total questions: 22
Worksheet time: 12mins
An _________________ is someone that works for someone else but still uses an entrepreneurial mindset in that they are looking for ways to innovate within an existing company.
Employee
Entrepreneur
Advocate
Intrapreneur
If you have an entrepreneurial attitude, you believe:
(Check all that apply).
You can affect change
Failure is learning
It's not worth putting in effort to make a change
Opportunities are everywhere
By establishing trustworthiness and relatability when we give a pitch or presentation, we are believed to be more _______________ by the audience. (Hint: this is one of the SUCCESS pitch techniques).
Trustworthy
Legitimate
Confident
Credible
______________ is the process of starting and operating your own business.
Marketing
Corporation
Entrepreneurship
Coffee Shop
Someone that acts entrepreneurially would do each of the following:
(Check all that apply).
Act as a leader
Be adaptable in complicated situations
Act on opportunities
Decide to give up when the job gets tough
When giving a pitch, we should be masters of ________________. We need to strip an idea down to its core and prioritize the information we are giving.
Speaking
Simplicity
Solving Problems
Strategy
An advantage to this type of business is that it is generally easy to start because you start it by yourself, using skills and resources you have or can obtain easily.
Business Ownership
Sole Proprietorship
LLC
Franchise
Entrepreneurs are important, but they do not play a key role in the domestic economy.
True
False
You have four main options for becoming a business owner. Select the one that does not apply.
Start a new business.
Purchase a franchise.
Sell your business.
Take over a family business.
Purchase an existing business that it not a franchise.
When you buy one of these, you are bound by a legal agreement to sell a parent company's product or services.
Existing business
Coffee shop
Nonfranchise
Franchise
There are four main forms of business ownership. They are:
(Select all that apply).
LLC
Corporation
Partnership
Entrepreneurship
Sole Proprietorship
Entrepreneurs are people who create, launch, organize and manage a new business, and they take the risk of business ownership.
True
False
General and limited are types of _______________.
Partnership
LLC
Sole Proprietorship
Alliances
This type of business is owned and operated by one person.
Franchise
Sole Proprietorship
Partnership
Corporation
_________________________ is a type of business in which there is a legal agreement between two or more people to be jointly responsible for the success or failure of the business.
Sole Proprietorship
Locally Owned Business
Partnership
Corporation
_______________ is the state of being responsible for something, especially by law.
Legally bound
Liability
Legal structure
Law
In these types of business ownership, the company does not die if the owner(s) pass away.
Franchise & Nonfranchise
General & Limited Partnerships
LLC & Corporation
Sole Proprietorship & Entrepreneurship
I should think of a _______ when I hear the word hybrid.
Sole Proprietorship
Partnership
LLC
Corporation
This type of business ownership is known for potentially becoming too large to effectively manage.
Stock
Franchise
Name Brand
Corporation
This is an example of concrete (SUCCESS pitch techniques).
A medium-sized butter popcorn contains 37 grams of saturated fat.
True
False
People buy shares in this type of business.
LLC
Partnership
Corporation
Profits and losses are shared; usually divided according to time and money invested by each partner.
LLC
Intrapreneurs
Partnership
Corporation
