WorksheetsEntrepreneurs
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
An entrepreneur is someone
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
2.
An entrepreneur must know...
a)
Only the parts of the business they like
b)
No parts of the business management
c)
all parts of business: finance, marketing, etc.
3.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
4.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
5.
An entrepreneur can own an online business...
a)
False - entrepreneurs can only create business in person
b)
True - there are companies online as well as in person
6.
Why do business exist?
a)
To satisfy the needs of customers
b)
To help owners make a living
c)
To help the government collect tax
d)
To provide jobs
e)
To realise opportunities within the market
7.
What is enterprise?
a)
The creation of a business
b)
The management of the economy
c)
The skill of being able to sport an opportunity
d)
The skills that an entrepreneur has
e)
Government funded businesses
8.
Which of following are the characteristics of an entrepreneur (as stated by the exam board)
a)
Determination, Academic, Literate, Management
b)
Hard working, Adaptable, Resilient, Creativity
c)
Accounting, Management, Sales technique, Determination
d)
Self belief, Motivation, Confidence, Leadershio
e)
Creativity, Risk taking, Determination, Confidence
9.
True or false: A good entrepreneur will take calculated risks
a)
True
b)
False
10.
Which of the following is NOT a potential reward for taking calculated risks?
a)
Independence - be your own boss
b)
Pay less tax
c)
Financial gain
d)
Self-satisfaction
e)
Changing customers habits
11.
Which of the following is NOT a potential drawback of taking calculated risks?
a)
Loss of investment
b)
Poor health
c)
Strained relationships
d)
Loss of business license
e)
Loss of income
12.
Business exist to:
a)
Provide quality goods to people who can afford them
b)
Sell goods to a particular target audience
c)
Meet the needs of all of their customers
d)
Research ways to make products better
e)
Increase the amount of tax collected by the Government
100 %
