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4th Grade Entrepreneurship Pathway

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

What does it mean?

Word #1: entrepreneur

Example: At fifteen, the young entrepreneur began sewing his creations and selling them to manufacturers in New York.

a)

A new business

b)

Someone who works for a big company

c)

Someone who creates or runs a business

d)

A piece of clothing

2.

What does it mean?

Word #2: market

The market for used sports equipment is growing.

a)

Cub foods

b)

Any space where goods and services are sold

c)

A basket full of vegetables

d)

A pen for correcting papers

3.

What does it mean?

Word #3: revenue

Sylvia's revenue for her lemonade stand was exactly $43.

a)

A teacher

b)

What you get when you win the lottery

c)

A small boat you can take down the river

d)

They money you take in when you sell something

4.

What does it mean?

Word #4: profit

The football team sold candy bars at school and kept the profit to buy new helmets and uniforms.

a)

The money you make AFTER you pay for something

b)

A pair of shoes that fit well

c)

A type of football

d)

A million dollars

5.

What does it mean?

Word #5: resources

The business manager thought the employees were the most valuable resource the company had.

a)

A type of drain

b)

The things a business needs to run

c)

A movie theatre

d)

A business plan

6.

What does it mean?

Word #6: productivity

The productivity of the factory was negatively impacted when the power went out.

a)

What restaurants do

b)

The bathroom

c)

The things that are sold in stores

d)

How much can be made in a certain time

7.

What does it mean?

Word #7: risk

The risk involved in starting a new restaurant was too great.

a)

hiring new people

b)

the possibility that a business might lose money or go out of business

c)

a business plan

d)

how much can be made in a day

8.

What does it mean?

Word #8: rent

They paid the monthly rent so they could keep doing business in their shop.

a)

A person who collects money

b)

Lunch cost

c)

Taxes

d)

What you pay to stay in a place

9.

What does it mean?

Word #9: labor

The cost of their labor went up when they hired more workers.

a)

What is paid for the space a business is in

b)

Transportation

c)

The work that goes into making a business run

d)

Uniforms

10.

What does it mean?

Word #10: goods

The goods produced by the factory were sold at Target.

a)

people who work for a business

b)

things that are sold

c)

the best types of things

d)

food