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WorksheetsPrinciples of Business Entrepreneurship Final
Total questions: 18
Worksheet time: 18mins
Which of the following is an example of an entrepreneurial trait?
dishonest
unreliable
discipline
wholesale
A business opportunity is feasible if it:
is a service, wholesale, and retail business all in one.
serves a want or need and has potential for growth/expansion.
trades stock on the stock market.
can be financed entirely by bootstrapping.
Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced is called a _________.
entrepreneur
employee
store manager
accountant
______ focuses on recognizing a business opportunity, starting a business based on the recognized opportunity, and operating and maintaining that business.
Capital
Bids
Entrepreneurship
Accounts
Typically entrepreneurs have which characteristic?
They are all the same age
They are all the same race
They are all the same gender
Entrepreneurs don't fit into any particular demographic
If you can't _______ a job, you can't _______ a business.
keep, run
work, do
get, open
If you owe someone money. You owe them a ________.
hunnit Benjis
bet
debt
owe
A debit _______ your account balance. A credit to your account _______ your account balance.
increases, decreases
lowers, increases
freezes, unfreezes
Bankruptcy is...
always unethical
easy
illegal
a legal process that allows a person or business to avoid paying some or all of their debts.
Why is it important for businesses to incorporate?
To reduce personal liability
To protect personal assets
To have legal documentation, which makes your business more trustworthy/reputable.
All of the above
Charities and churches are classified as...
For profit businesses
Non-profits (NPO)
Regular businesses
Not for profit businesses
The money you spend to start a business is an _______.
a waste
investment
will not be returned
profit
A company in the red is ____. A company in the black is ____.
not making money, making money
not profitable, profitable
not getting that bag, getting that bag
All of the above
CEO is a high income
(a)
Digital marketing, coding, and copywriting are all high income (a) .
Which of these people would NOT be applicable/important to all types of entrepreneurs?
Lawyers
Accountants
Landscapers
Consultants/Mentors
What do you believe is the most important thing to consider when starting a business (don't give me a one-word answer, like money)?
