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WorksheetsPoBMF - Ch 6 Test - Entrepreneurship (2021)
Total questions: 35
Worksheet time: 18mins
Which of the following are rewards of being an entrepreneur?
being your own boss
being creative
setting your own schedule
all of these
To identify consumer markets, you should be aware of _______________.
services.
demographic changes.
technology.
investors.
___________ is being able to work efficiently with anyone with different skill sets, personality, work styles or motivation level to achieve a better team result.
teamwork skills
communication skills
people skills
none of these
One way to prevent some of the problems that family businesses face is to ____________.
be creative.
hire a business broker.
establish clear lines of responsibility.
accept all the responsibilities yourself.
A company that is independently owned and operated, it is not dominant in its field, and employs fewer than 500 people is considered a ___________.
corporation
small business
enterprise zone
monopoly
Good ________ are codes of behavior that is considered acceptable in society.
honesty
moral values
constructive criticism
integrity
A company's good reputation and goodwill can be lost quickly because of ____________.
government regulations.
philanthropy.
ethics.
unethical behavior.
The largest provider of services in the country is ___________.
the government.
the oil industry.
Microsoft®.
telephone companies.
A successful entrepreneur is willing to work until a job is done. Which of these terms describe this characteristic?
self-confident
persistent
restless
enthusiastic
A ______________ may be required of you to sign which outlines what you are not allowed to discuss outside of the company or workplace.
constructive criticism agreement
integrity policy
confidentiality agreement
loyalty agreement
A company's good reputation and goodwill can be lost quickly because of ____________.
government regulations.
philanthropy.
ethics.
unethical behavior.
A(n) ____________________ is a word, symbol, design, or combination of these that a business uses to identify itself or something it sells.
servicemark
trademark
elliptical
venture
A _________ is a written account of basic personal information (excluding date of birth and social security number), educational and professional qualifications, and work experience.
job interview
resume
letter of reference
job application
Small businesses are more vulnerable than large businesses for ethics violations because they are __________________.
less structured and formal.
in the public eye more.
privately owned.
tightly regulated by the government.
_____________ is considered the matchmaker between job seekers and companies with job openings.
human resources department
networking resources
job leads
employment agencies
Which of the following are challenges of being an entrepreneur?
gathering start-up resources
being fully responsible for the business
working long hours
all of these
Being an entrepreneur involves risks as well as rewards. Which of the following is a risk of being an entrepreneur?
decision-making
flexibility
creativity
uncertain income
The study of how nations allocate scarce resources to the production and distribution of products is called _________________.
venture
economics
gross domestic product
enterprise zone
The total market values of goods and services produced by a nation during a given period is called ______________________.
supply and demand
factors of production
gross domestic product (GDP)
Dow Jones Industrial Average
An individual who undertakes the creation, organization, and ownership of a business is called a(n) __________________.
innovation
allocation
entrepreneur
entrepreneurship
The quality of firmly following one’s moral values is called __________.
moral values
work ethics
loyalty
integrity
Hiring a firm to design and produce packaging for your product is an example of _________.
outsourcing.
corporate venture.
demographics.
innovation.
Which of the following is a contribution that a business owner makes to the community?
service
generates jobs
competition
personal satisfaction
____________________ was formed to ensure that employees have safe and healthy working conditions.
SSA (Social Security Administration)
UCC (Uniform Commercial Code)
OSHA (Occupational Safety & Health Administration
FBLA (Future Business Leaders of America)
