wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Entrepreneurship Final

Total questions: 53

Worksheet time: 32mins

Name
Class
Date
1.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
2.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organised
d)
irresponsible
3.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
4.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
5.
Entrepreneurs look for business ideas and new and better ways to solve problems.
a)
True
b)
False
6.
The chance of danger or loss
a)
Risk
b)
Options
c)
Reward
d)
Benefit
7.
All of the following are entrepreneurial skills, except
a)
business skills
b)
art skills
c)
mathematical skills
d)
communication skills
8.

What is the meaning of VALUE PROPOSITION in Business Model Canvas?

a)

the value that meets the customer satisfaction

b)

service after-sales

c)

the way we interact with the customer

d)

generate revenue from each customer

9.

What is the BMC?

a)

Business Modal Canva

b)

Business Management Collection

c)

Business Model Canvas

d)

Business Management Canvas

10.

What best describes Value Proposition?

a)

Knowing who your customers are!

b)

Identifying people who can help our business!

c)

What we sell!

d)

Being able to describe why someone would buy your product!

11.

An example of 2 types of customer segments would be: (2 right answers)

a)

Age of customers

b)

Height

c)

Where customers live

d)

What time customers wake up

12.

KEY ACTIVITIES are activities that a company must do in order to make its business model work

a)

True

b)

False

13.

Money you spend to make and sell your products:

a)

Revenue

b)

Expenses

c)

Budget

d)

Sales

14.

Money coming in from sales is known as:

a)

Cash

b)

Expenses

c)

Revenue

d)

Net

15.

After selling my product online, I was also able to get Target to sell it. I just increased my:

a)

Segments

b)

Resources

c)

Value Proposition

d)

Channels

16.

Stores offering rewards cards is an example of:

a)

Key Partners

b)

Customer Relationships

c)

Revenue Streams

d)

Value Proposition

17.

Now that I sell in Target, they have become a ______________ for my business.

a)

Key Partner

b)

Employee

c)

Key Resource

d)

Cost

18.

Cash, Materials, Parents are all examples of:

a)

Key Partners

b)

Revenue

c)

Key Resources

d)

Segments

19.

What are the "channels" in a business model canvas?

a)

Who your customers are

b)

Where you sell your products/services

c)

How you want to sell your product

d)

What is the best offer given

20.

The money gained from the sales after expenses are paid is:

a)

profit

b)

cost

c)

expenses

d)

revenue

21.

Teenagers ages 16-18 and teachers is an example of what section of the BMC?

a)

channels

b)

customer solution

c)

customer segment

d)

customer problems

22.

A short compelling presentation that provides an overview of the business with the goal of getting financial support from the audience is a:

a)

Presentation

b)

Pitch

c)

Show

23.

Students have a hard time focusing on their school work because of classroom distractions is an example of what section of the BMC?

a)

Customer Solution

b)

Key Metrics

c)

Customer Problem

d)

Customer Segment

24.

The online marketplace website goes in what section of the Business Model Canvas?

a)

Customer Relationships

b)

Channels

c)

Revenue

d)

Customer Segments

25.

This product solves the problem of headphones tangling while they are being stored in your pocket or book bag; this is an example of what section of the BMC?

a)

Customer Problem

b)

Unique Value Proposition

c)

Customer Solution

d)

Costs

26.

Which of the following is NOT one of the BMC elements?

a)

Key Partners

b)

Key Activities

c)

Cost Stream

d)

Revenue Stream

27.

For an online game company, hiring software engineers can be classified to fulfill the need of ______________________

a)

Key Resources

b)

Key Partner

c)

Customer Relationship

d)

Value Proposition

28.
Mass market, niche market, segmented, diversified and multi-sided markets are all examples of:
a)
Customer segments
b)
Value proposition
c)
Key resources
d)
Business model
29.
The business model canvas allows for easy, visual representation for decision makers.
a)
True
b)
False
30.

What does "Unique Value Proposition" mean?

a)

Product description

b)

The benefit or the added value for a product

c)

Proposal given to the customer

d)

Product market place

31.
Writing a business plan can ensure that an entrepreneur _________. 
a)
figures out how to make her business work.
b)
meets his target revenue goals.
c)
achieves her expense projections.
32.
The system in which goods and services are bought and sold
a)
economy
b)
free market economy
c)
scarcity
33.
Items that can be bought, sold, and traded, such as food and  computers
a)
goods
b)
services
c)
market
34.
A place where buyers and sellers come together
a)
goods
b)
services
c)
market
35.
Tasks you pay someone to do for you
a)
goods
b)
services
c)
market
36.
Which of the following is a good?
a)
cutting grass
b)
car wash
c)
apple
d)
restaurant
37.
Which of the following is a service?
a)
car
b)
shoes
c)
waiter
d)
computer
38.
The term, "labor" means:
a)
Work the people do to produce goods and services.
b)
The natural resources used to produce goods or services.
c)
Person who organizes the factors of production to produce goods/services; business owners.
d)
Goods not created for their own use, but to make other goods/services.
39.

What is digital disruption?

a)

When you can't connect to the Internet

b)

When you drop out of Collaborate

c)

Business transformation resulting from digital technologies

d)

The use of automation in manufacturing processes

40.

What does AR stand for?

a)

Augmented Reality

b)

Alternative Reality

c)

Any Reality

d)

Artificial Reality

41.

This states that we can expect the speed and capability of our computers to increase every couple of years, and we will pay less for them.

a)

Civil Law

b)

Moores Law

c)

Digital Law

d)

Economic Law

42.

Select all the Traits of Successful entrepreneurs. Multiple Answers

a)

Good with Money

b)

Good with People

c)

Good Organizational Skills

d)

Good with Time Management

e)

Good at Taking Naps

43.

All of these companies caused a digital economic disruption. Multiple answers.

a)

Facebook

b)

Netflix

c)

Air BnB

d)

Target

e)

Uber

44.

Disruption of the Economy often creates changes in the job market.

a)

True

b)

False

45.

All of the following are elements of a good pitch, EXCEPT...

a)

Hook - Compelling Story

b)

Advantages of product/service

c)

Details of product/service

d)

Call to Action

e)

List the Competition

46.

This is an example of a Value Proposition.

a)

Just do it!

b)

Think Different

c)

Got Milk

d)

Bring everything you need without checking a bag

47.

These costs change over time.

a)

Fixed

b)

Variable

48.

These costs stay the same no matter what.

a)

Fixed

b)

Variable

49.

Partners developing a new business are this type of key partner.

a)

joint venture

b)

strategic alliance

c)

coopetition

d)

buyer-supplier

50.

One way to generate revenue is by charging the customer for using its product regularly and consistently -Ex: Spotify. this is called a...

a)

usage fee

b)

brokerage fee

c)

licensing fee

d)

subscription fee

51.

"I need to stop my knee from bleeding..." is an example of a

a)

pain point

b)

solution

52.

All are Brainstorming Strategies EXCEPT

a)

Role-Playing

b)

Reverse

c)

Story Starter - Writing

d)

Mash-Up

53.

Two things have to be present for your Idea to be a Business Opportunity. Select Both.

a)

solve a problem or fulfill a need

b)

make lots of money

c)

have the skills and resources available

d)

have competition

Similar Resources on Wayground

Unit 2: Exploring Economics Exam

55 questions

Unit 2: Exploring Economics Exam

quiz

Worksheet

•

6th - 8th Grade

Mid Year Assessment TLE 8

50 questions

Mid Year Assessment TLE 8

quiz

Worksheet

•

6th - 8th Grade

(T) CF1.U3.U4- Employee Benefits/Keyboarding (7th grade)

50 questions

(T) CF1.U3.U4- Employee Benefits/Keyboarding (7th grade)

quiz

Worksheet

•

7th Grade

Unit 2: Economics Test Review

55 questions

Unit 2: Economics Test Review

quiz

Worksheet

•

6th - 8th Grade

Market Research and Customers and Competition

57 questions

Market Research and Customers and Competition

quiz

Worksheet

•

7th - 12th Grade

Kitchen Tools SCSD

48 questions

Kitchen Tools SCSD

quiz

Worksheet

•

5th - 8th Grade

Manajemen Stategi

50 questions

Manajemen Stategi

quiz

Worksheet

•

1st - 12th Grade

Keyboarding Final Exam

50 questions

Keyboarding Final Exam

quiz

Worksheet

•

6th - 12th Grade