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WorksheetsTECHNOLOGY ENTREPRENEURSHIP
Total questions: 30
Worksheet time: 23mins
What is an entrepreneur?
A person who is in charge of a specific location.
A person who organizes and operates a business or businesses.
A person who works for someone else in order to learn skills.
None of these
Which is NOT a common characteristic of an entrepreneur?
risk-taker
organized
irresponsible
creative
An entrepreneur is someone who works for themselves.
True
False
Most entrepreneurs work long hours, but they create their own schedule.
True
False
ALL entrepreneurs have a college degree.
True
False
Performance of business only measured by how much sales are generated by entrepreneur.
True
False
Which is a common characteristic of an entrepreneur?
organized
impressionable
vindictive
irresponsible
The act of assuming the risk of organizing productive resources to produce goods and services.
business
entrepreneurship
critical thinking
risk management
Who created Facebook?
Elon Musk
JK Rowling
Mark Zuckerberg
Walt Disney
Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.
proprietorship
limited liability company
partnership
corporation
How do many people become millionaires?
They save aggressively.
The invest their money.
They avoid debt.
All of these
Which is a characteristic of a successful entrepreneur?
Motivated
Passionate
Takes very little risk
Hard-working
A target market is
a group of investors willing to put capital into a business
a group of consumers at which a product/service is aimed
a generational group of individuals
an industry willing to sell and market your product
Which type of business does this image represent?
Wholesale
Service
Retail
Manufacturing
Advantage(s) of becoming an entrepreneur is(are) ____________________.
Flexibility
Lack of Control
Financial freedom
Retirement scheme
What is a disadvantage of being an entrepreneur?
You have more control over your work
You have a more flexible schedule
You do not always receive a regular paycheck
Your work schedule is always predictable
Being a business man is one of the fardhu ______________.
Ain
Kifayah
The following are disadvantages of a Partnership, EXCEPT:
Unlimited liability
mutual agency of the partners
larger sources of funds
Limited existence
A form of business organization wherein two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves is called _____.
Cooperative
Partnership
Corporation
Sole Proprietorship
What are the types of Intellectual Property?
Trade Secrets
Trademark
Property
Patent
Copyright
A symbol, word/s, legally registered or established by use as representing a company or product.
Patent
Copyright
Trademark
Trade Secrets
Which statement that best describe the advantages of social media platform?
Fast target content sharing and are able to generate higher converting leads
Does not encourage in building relationship
Slow and difficult in sharing content
Real-time results are hard to obtain
The costs of operating a business are often called _____ expenses.
fixed
variable
overhead
markdown
Which of the following statements is true about business start-up requirements:
Equipment is the least expensive requirement for start-up business.
Purchasing a franchise is usually easy and inexpensive for start-up business owners.
New business owners usually need to register for patent protection.
The financial needs to start a new business depend on the nature of the venture.
Which of the following is a tool that an entrepreneur develops to project sales for a new business venture:
Marketing objectives
Promotional budget
Sales forecast
Inventory report
What is Innovation?
Short term goals in the business
A "new idea, creative thoughts, new imaginations in form of device or method".
How many times a business has changed their product.
the exclusive and assignable legal right, given to the originator for a fixed number of years, to print, publish, perform, film, or record literary, artistic, or musical material.
What Companies are known to have workplaces which encourage technology innovation?
Farmers
McDonalds
Who is the world's #1 software company founded by Chairman, Bill Gates?
Dell
Amazon
Microsoft Corporation
Below are all technology entrepreneurs, except:
Aunt Mary selling hotdog through Facebook
John operating a factory producing printed t-shirt
Lufya selling flowers on the street
Bean creating a machine to assist the farmers
What are networks that carry audio, video, and computer data?
Hardware
Internet
Games
Software
