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Midterm Exam Entrepreneurship 11082021

Total questions: 26

Worksheet time: 16mins

Name
Class
Date
1.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
2.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
3.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
4.

Which trait or characteristic would describe a successful entrepreneur?

a)

Lazy

b)

Shy

c)

Bossy

d)

Self Starter

5.

What is a disadvantage of being an entrepreneur?

a)

You have more control over your work

b)

You have a more flexible schedule

c)

You do not always receive a regular paycheck

d)

Your work schedule is always predictable

6.
Entrepreneurs look for business ideas and new and better ways to solve problems.
a)
True
b)
False
7.

Which of the following is NOT a benefit of being an entrepreneur?

a)

Steady, reliable income because you always get to pay yourself first

b)

Work in a field, on a project, that you're passionate about and that you enjoy

c)

Be your own boss rather than reporting to someone else

d)

Ability to provide a good or service that no existing company is doing

8.
Not afraid to do new things  is what characteristic?
a)
Risk Taker
b)
Human Relations Skills
c)
Problem-solving & Decision-making Skills
d)
Independent
9.
Not giving up; keep trying is what characteristic?
a)
Persistent
b)
Responsible
c)
Self-Confident
d)
Creative
10.
An individual who undertakes the risk associated with creating, organizing, and owning a business is?
a)
a farmer
b)
a trained salesperson
c)
an entrepreneur
d)
Mathematician
11.
Asking questions and seeking answers is what characteristic?
a)
Math Skills
b)
Communication Skills
c)
Inquisitive
d)
None of the answers
12.
Being held accountable is what characteristic?
a)
Responsible
b)
Self-Confident
c)
Independent
d)
None of the answers
13.
focused on developing a plan and  achieving your goals is what characteristic?                                                                                                                                                  
a)
Math Skills
b)
Goal-oriented
c)
inquisitive
d)
Technical Skills
14.

Who is the founder of Amazon?

a)

Bill Gates

b)

Fred Rogers

c)

Steve Jobs

d)

Jeff Bezos

15.

Which of the following is not a skill needed by an entrepreneur?

a)

organizational skill

b)

business skill

c)

drawing skill

d)

computer skill

16.

TRUE OR FALSE: Patents are another way to protect your intellectual property rights.  Once you have an invention or creation, you need a prototype, patent drawing, and then you need to apply for a patent through the US Patent and Trademark Commission in Washington DC.  Once you have applied for your patent, it is protected!  You can sell your item with a “patent pending” status.

a)

TRUE

b)

FALSE

17.

What type of patend would be used for the design of a product such as the shape of a shoe or a bottle.

a)

You cannot patent a shoe.

b)

Utility

c)

Design

d)

Provisional

18.

The patent for a plant or plant type of species is known as:

a)

Utility patent

b)

Design Patent

c)

Plant Patent

d)

Copyright

19.

A utility patent is best described as which of the following:

a)

A long technical document that informs the public how to use the machine, process, or system.

b)

Gives the investor one year to complete work in their product.

c)

Used for the design of a product such as the shape of a shoe or a bottle.

d)

Patent for a plant or plant species.

20.

When does your work become copyright protected? Hint: from the WebQuest completed in class.

a)

Never.

b)

Ninety days from the date you publish the article or music.

c)

Six months after your date of death.

d)

Your work is under copyright protection the moment it is created and fixed in a tangible form that it is perceptible either directly or with the aid of a machine or device.

21.

Where does a person go to file for a patent?

a)

USPS-United States Postal Service

b)

The United States Patent and Trademark Office (USPTO)

c)

The United States Poptart Association

d)

The local courthouse

22.

What does the term TRADEMARK mean?

a)

A trademark protects items that distinguish or identify a particular business from another

b)

A trademark protects original work

c)

A trademark indicates the company can be traded on the public stock exchange.

d)

The trademark means you can reproduce the logo without penalty.

23.

What is a domain name?

a)

A domain name is a text that a user types into a browser window to reach a particular website.

b)

Address to your current residence.

c)

A name given to poetry.

d)

Name assigned to students when you register on infinite campus.

24.

What did Walt Disney do to help the war effort?

a)

He sewed on patches to create uniforms.

b)

He started trying to create a happy meal.

c)

He joined the Red Cross and was sent to France for a year to drive an ambulance.

25.

The name of this class is

a)

Entrepreneurship

b)

Economics

c)

Ecology

d)

Graphic Design

26.

An attitude is

a)

a way of thinking about something that affects how you feel about it

b)

a feeling you can choose to have

c)

a feeling that can be positive or negative

d)

all of the above