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WorksheetsEntrepreneurship Development
Total questions: 46
Worksheet time: 17mins
Identify the Women Entrepreneur
Indra Nooyi
Chanda Kochhar
Arundatti Bhattacharya
Anita Roddick
Why do you need a business plan? (hint: choose 3 correct answers)
To raise capital
Gets everyone involved to focus on the same goals
Gives an objective look at what you are doing and why
It is required by law
The word Entrepreneur is derived from a french word .....
Ountra + prenreneur
Entre + Prendre
Enter + Preneur
Entreprise + Preneur
Who applied the term entrepreneur to business for the first time?
Edward De Borne
Clayton Christensen
Joseph Schumpeter
Richard Cantillon
An entrepreneur is...
A person who starts a business that satisfies consumer wants and needs
A part owner of a business
The president of a corporation
The highest ranking member of Congress
What characteristics must an entrepreneur possess. (There may be more than one correct answer.)
Persistent
Inquisitive
Goal-oriented
Powerful
What skills must an entrepreneur possess. (There may be more than one correct answer.)
Problem solver
Communicator
Possesses basic business skills
Juggler
What are the five steps (in proper order) of the entrepreneurial process
Discover, concept development, resourcing, actualization, harvesting
Discover, resourcing, actualization, harvesting, concept development
Resourcing, actualization, harvesting, concept development, discovery
Resourcing, actualization, concept development, discovery, harvesting
In which stage of the entrepreneurial process would the entrepreneur conducts research to determine if their idea could be a successful business
Concept Development
Discovery
Resourcing
Actualization
In which stage of the entrepreneurial process would the entrepreneur begin applying for loans, buying capital goods, and seeking investors?
Concept Development
Discovery
Resourcing
Actualization
An organization or enterprising entity engaged in commercial, industrial, or professional activities.
Business
Businessman
Entrepreneur
Entrepreneurship
Identify disadvantages of a partnership except
Decision making must be shared among partners
General partners are subject to unlimited liability
Profits are shared among partners
Multiple partners bring additional funds to the business
Select disadvantages of a sole proprietorship
i. Easy to set up
ii. Not regarded as a separate legal entity
iii. More responsibilities
iv. Owner keeps all the profit
v. Liability is unlimited
i, iii and iv
ii, iii and iv
ii, iii and v
ii and iii only
Which of the following is a type of business which operates as a separate legal entity?
Corporation
Franchise
Partnership
Sole Partnership
Which of the following is a disadvantage of setting up a business as a partnership
Shared losses
Shared workload
Shared profit
More ideas generated
__________ dictionary gives a definition, "An entrepreneur is a person who starts a business and
is willing to risk loss in order to make money
Encyclopaedia
Webster dictionary
Oxford dictionary
Cambridge dictionary
The entrepreneur who lives on the labor of others is called?
innovative
Imitating
Fabian
Drone
These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
Innovative
Imitating
Fabian
Drone
Which part of the business plan describes how the business has solved the problems?
Statement of Vision
The Marketing Plan
The Problem or Need
Production or Technical Plan
It is analysis and evaluation of a proposed project to determine its profitability
concept paper
feasibility study
project proposal
project summary
Richard Cantillon, an economist from
France
Italy
Moscow
England
British academic scholar which introduce entrepreneurship through the approach of social development model....
JosephA. Schumpeter (1934)
McClelland(1961)
Gibb and Ritchie (1981)
Peter Drucker (1964)
MECD is.....
Ministry of Entrepreneurship and Collaboration Department
Ministry of Entrepreneur and Cooperative Development
Ministry of Entrepreneur and Cooperative Department
Ministry of Entrepreneur and Cooperation Development
In contrast to an entrepreneur, a venture capitalist is a professional money manager who makes risk investments from a ..... of capital to obtain a high rate of return.
pool
portfolio
stock
stream
venture capital is not just about money
it also provides high returns on investment
it ensures bank secrecy
it provides companies and entrepreneurs with technical and managerial advice
it allows the venture capitalist to have a say in the company decisions as investors get equity in the company
Why do firms need VC (venture capital)?
because they're in their early stage and need cash to invest
because they are too small or risky for banks to give them loans
because they do not have access to capital markets
because most start up founders don't know how to approach traditional banks
VC capitalists can earn
a portion of the firm's equity
high returns
small returns but influence on the company direction
high returns, a chunk of the company's equity as well as influence on the company decisions
Which is my company?
Which is my company?
What was Steve Jobs' motivation to start Apple?
Money
To beat other companies
Be his own boss
To do what he wanted
Which of the following countries has the biggest number of start up companies?
USA
India
Brazil
UK
Who is the richest entrepreneur in the world?
Bill Gates
Jeff Bezos
Warren Buffett
Bernard Arnault
What challenges does an entrepreneur face?
money
responsibility
paperwork
all of the above
