WorksheetsONLINE TEST OF Entrepreneurship development
Total questions: 25
Worksheet time: 19mins
What is meaning of Entrepreneur
People who take on the risk
People who knowing the risk
People who giving the risk
People who have a risk
Entrepreneur is that they are gamblers and take big risks. Entrepreneurs are usually ___________________
simple risk taker.
low risk taker.
moderate risk taker.
high risk taker.
Moving from an idea to an entrepreneurial firm
Step 1
Step 3
Step 4
Step 6
__________ is a written document that describes all the aspects of a business venture in a concise manner.
Business Model
Business Plan
Business Strategic
Business Strategy
1. An individual who initiates, creates and manages a new business can be called _____________.
A. A leader
B. A manager
C. An entrepreneur
D. A professional
3. Which could provide an individual with the motivation to start a new business venture?
A. The financial rewards.
B. A desire to be independent.
C. Risk-taking
D. All the above.
Why should an entrepreneur do a feasibility study for starting a new venture:
a) To identify possible sources of funds
b) To see if there are possible barriers to success
c) To estimate the expected sales
d) To explore potential customers
Entrepreneurship is...?
Starting and operating a business
The process of applying for a loan
The formal name of closing a business
Teaching a younger person a trade
Innovative ideas come from 3 sources:
skills, abilities and egos
passions, complaints and egos
passion, abilities, and skills
skills, passions, and egos
The root of your idea is...
making money
a good team
understanding the problem
finding solutions
Your idea will grow when you
water it
sell it
Keep it to yourself
understand what others think
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
Which trait or characteristic would describe a successful entrepreneur?
Lazy
Shy
Bossy
Self Starter
Evaluating Products and Services
Product Sampler
Taste Test
Product Analysis
Buyer
Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)
Motivated
Takes very little risk
Passionate
Hard-working
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
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
True or False: A standard business plan is one page in length.
True
False
