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WorksheetsIntroduction to Entrepreneurship
Total questions: 10
Worksheet time: 5mins
Entrepreneur is defined as…
he who is willing to work in an organization
he who punches his competitor face in order to win
he who accepts risks and opportunities of creating, operating and growing a business
he who is very good in drawing products
An entrepreneur who is involved in technological changes in producing goods and services is called a
Copreneur
Intrapreneur
Technopreneur
Computerenuer
The process of creating something new that makes life better is called...
Technology
Brand recognition
Innovation
Opportunity cost
What is the difference between a startup and a small business?
Startups intend to grow larger compared to a small business
Startups is high quality business
Small businesses have multiple locations, startups do not
Small business fail after 5 years
What is a disadvantage of entrepreneurship?
Personal satisfaction
Lower taxes
Uncertain income
Flexible schedule
Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have _______________ what they do.
concerns about
ignore about
relax for
passion for
Which of the following is NOT considered a risk of being an entrepreneur?
Long hours and hard work
Potential Business Failure
Providing value to others
Financial Insecurity
People who work for someone else called...
Employee
Entrepreneurs
Agropreneur
Technopreneur
What type of entrepreneurial business actually produce the products they sell?
Supplier
Distributor
Manufacturing
Service
Below are the competencies of successful entrepreneurs EXCEPT
Information-seeker
High work quality
Systematic planning
Introvert
