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Entrepreneurship Fall Final

Total questions: 23

Worksheet time: 12mins

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.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
3.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
4.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
5.
ALL entrepreneurs have a college degree.
a)
True
b)
False
6.

What are the four P's of marketing

a)

product, produce, production, price

b)

person, place, produce, practice

c)

promotion, product, practice, price

d)

promotion, place, price, product

7.

Something that a business does for a customer in exchange for money

a)

Greets the customer

b)

Shows products

c)

Service

d)

Answers questions

8.

Which of the following is a competitive advantage?

a)

superior customer service and product quality

b)

retail

c)

advertising

d)

improving an existing product/service

9.

Demographics

a)

objective social and economic facts about people

b)

basing market segments on where consumers live

c)

characteristics of consumers, such as attitudes, opinions, beliefs, interests, personality, lifestyle, political affiliation, and personal preferences

d)

a company who sells to other companies

10.

Discounts are an example of which type of promotion?

a)

advertising

b)

sales promotion

c)

publicity

d)

visual merchandising

11.

A business opportunity is feasible if it:

a)

is a service, wholesale, and retail business all in one.

b)

serves a want or need and has commercial potential.

c)

trades stock on the stock market.

d)

can be financed entirely by bootstrapping.

12.
Some characteristics of an entrepreneur are persistence, creative, responsible, self-confident, and
a)
Risk-taking
b)
Enthusiastic
c)
Goal-oriented
d)
All of the above are correct
13.

The money you spend to start a business is an _______.

a)

a waste

b)

investment

c)

will not be returned

d)

profit

14.

A graphic mark, emblem, symbol, or stylized name used to identify a company, organization, product, or brand. It may take the form of an abstract or figurative design, or it may present as a stylized version of the company's name if it has sufficient brand recognition.

a)

Logo

b)

Brochure

c)

Letterhead

15.

It is a somebody who has the ability, enthusiasm, vision, skills to come up with a business idea and gather together the resources to enable production to take place.

a)

Entrepreneurship

b)

Entrepreneur

c)

Businessman

d)

Partner

16.

This is an example of what type of business organization?

a)

Sole trader

b)

Partnership

c)

Franchise

d)

Joint venture

17.
ALL entrepreneurs have a college degree.
a)
True
b)
False
18.

Entrepreneurs do not pay taxes to the IRS.

a)

True

b)

False

19.
Some characteristics of an entrepreneur are persistence, creative, responsible, self-confident, and
a)
Risk-taking
b)
Enthusiastic
c)
Goal-oriented
d)
All of the above are correct
20.

Being flexible, Judging Later, Challenging the Usual are:

a)

Things that make it hard to stay on task

b)

Examples of Creative Thinking Techniques

c)

Reasons to avoid becoming an Entrepreneur

21.

To make your customers aware that your product exists is...

a)

Tricking

b)

Selling

c)

Promoting

d)

Telling

22.
Deciding how much to charge for goods and services.
a)
Marketing
b)
Goods
c)
Pricing
d)
Selling
23.

An image on a website trying to get you to buy a product would be...

a)

Advertising

b)

Personal Selling

c)

Public Relations

d)

Sales Promotion