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Introduction to Entrepreneurship

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Which of the following is not an example of a service career?

a)

car

b)

dentist

c)

doctor

d)

mortician

2.

Barter is __________.

a)

the exchange of goods.

b)

the exchange of goods and services for money.

c)

the exchange of goods and services without the use of money.

d)

the exchange of services.

3.

The main aim of a business is to make a __________.

a)

customer

b)

debt

c)

loss

d)

profit

4.

A person who sells goods in large bulks are best described as __________.

a)

customers

b)

producers

c)

retailers

d)

wholesalers

5.

A person who sells goods to the public in smaller units for use is best described as a __________.

a)

customer

b)

producer

c)

retailer

d)

wholesaler

6.

__________ is the excess money a business makes.

a)

cash

b)

profit

c)

prophet

d)

savings

7.

There are __________ types of entrepreneurial businesses.

a)

eight

b)

five

c)

four

d)

three

8.
What do we call a person who is willing to take the risks of starting a business in order to make a profit?
a)
Proprieter
b)
Partner
c)
Entrepreneur
d)
Incorporater
9.

Business that buys goods, often from wholesalers, and resells the goods in small quantities directly to consumers. Also referred to as a retailing business.

a)

Wholesaler

b)

Manufacturer

c)

Retailer

d)

Franchise

10.
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.
11.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
12.
Entrepreneurs are constantly looking for new ways to solve problems.
a)
Persistent
b)
Creative
c)
Self Confident
d)
Independent