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ESB D1 Les 2.2 Entr. Risks & Benefits

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

One of the largest potential financial risk may be?

a)

Reputation

b)

Low cash flow

c)

Bankruptcy

d)

No pay check

2.

Check all of the environmental risks that an entrepreneur may face.

a)

Hurricanes

b)

Natural disasters

c)

Poor food supply

d)

Inflation

e)

Bankruptcy

3.

Entrepreneurs have a large political risk. Check all political risks.

a)

Increased tax rates

b)

Big start up money

c)

Large tariffs

d)

Long hours

4.

Entrepreneurs face other risks. Choose the answer that is NOT an other risk.

a)

Direct competition

b)

Reputation

c)

Indirect competition

d)

Laziness

5.

Entrepreneurs have benefits. Choose ONE of the unrelated benefits.

a)

Working with like minded people.

b)

Work with family

c)

Set your own hours.

d)

Making your own rules.

e)

Doing what you enjoy

6.

Entrepreneurs have risks and benefits. Check all the risks and benefits.

a)

Financial risk

b)

Environmental risks

c)

Political risks

d)

Entrepreneurship benefits

e)

Take off risk

7.

When an employer hires you, he or she will also have expectations, like being on time and being honest. Every employer has different expectations based on management and personality style. As an employee, it's helpful to know exactly what an employer expects. It's always good to ask and clarify expectations so that you can do the best job possible. Here are some standard expectations most employers have for their employees. Check all expectations that an employer expects.

a)

Be on time.

b)

Follow your directions.

c)

Don't talk on your cell phone when you're working.

d)

Maintain a positive attitude.

e)

Treat your team members with respect.

8.

Entrepreneurs become business owners for various reasons but one of the most important reasons is what?

a)

Ownership of their own choices and decisions.

b)

To earn money

c)

To have health insurance

d)

To be the COO

9.

Many times, problems will happen that an entrepreneur did not expect. This can be discouraging and frustrating unless you choose to keep a positive attitude. This risk may be referred to as:

a)

Unexpected obstacles

b)

Tasks

c)

Failure

d)

No emotional support

10.

When you own a business, you get to be your own boss. You decide what type of schedule you work, where you work, and how and when you get paid. You also have the final word on what products or services the business provides, and how they are provided. What reward may this considered to be?

a)

Potential success

b)

Helping the community

c)

Making your own rules

d)

Having money