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WorksheetsEntrepreneur Basics
Total questions: 13
Worksheet time: 13mins
Which of the following are characteristics of an Entrepreneur?
Being a follower
Flexible
Innovative
Lazy
Who is someone that 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 to be produced?
A boss
An entrepreneur
A college graduate
A teacher
What does an entrepreneur focus on?
Recognizing a business opportunity
Operating & maintaining their business
Getting lots of sleep
Working for someone else
Based on the slides we read in class, which of the following are types of entrepreneurship?
Business
Social
Lifestyle
Working
True or false: A Serial Entrepreneur only create 1 single business based on an opportunity they spotted in a market.
False
True
A Sole Proprietorship is when how many people form a business?
A dozen
Three
One
100+
True or False: A Partnership is when one person creates a business?
True
False
Walmart, Target, CVS Health, and Toyota Motor are all examples of what?
Sole Proprietorships
Partnerships
Limited Liability Company
Corporations
True or False: A limited liability company (LLC) is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
False
True
Manufacturing, Retailing, Wholesaling, Service, Green, and Social are all examples of what?
Job Titles
Degrees
Types of Entrepreneur Business
Characteristics of Entrepreneurs
True or False: A disadvantage of being an entrepreneur is possibly having to work over 40 hours a week to keep the business thriving.
True
False
True or False: Freedom of career, Flexibility of your work schedule, Control over your business, and company profits directly reflecting in your checking account growing are all advantages of entrepreneurship.
False
True
Which of the following characteristics do you want your team members showing?
Bad attitude about work
Commitment to the business
Lack of communication
Cooperation towards overall goals
