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Basic Entrepreneurship Vocabulary

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

An individual who undertakes the creation, organization, and ownership of a business by setting up a business, creating a new idea and who is willing to take a loss in order to make money

a)

Entrepreneurship

b)

Entrepreneur

c)

enterprise

d)

Business Plan

2.

A new method, idea, product, etc

a)

enterprise

b)

equity

c)

brand

d)

innovation

3.

Television commercials, billboards on the side of the road, and magazine advertisements are examples of?

a)

networking

b)

Entrepreneurship

c)

brand

d)

marketing

4.

A brief speech that defines a person, process, product, service, organization, or event and its value

a)

brand

b)

pitch

c)

enterprise

d)

equity

5.

Any activity a business does to try and contact potential customers

a)

marketing

b)

Business Plan

c)

networking

d)

Entrepreneur

6.

Developing new contacts and maintaining a network of connections that could be beneficial for your business

a)

pitch

b)

enterprise

c)

networking

d)

equity

7.

Refers to the words and symbols such as a name, logo, and slogan that represent a business’ identity

a)

pitch

b)

brand

c)

innovation

d)

marketing

8.

Another term for a business

a)

Entrepreneurship

b)

equity

c)

marketing

d)

enterprise

9.

The process of getting into and operating one’s own business refers to the execution of new ideas by building a solution to a problem and taking the necessary steps to make it a reality.

a)

Business Plan

b)

Entrepreneurship

c)

networking

d)

enterprise

10.

What is a Business Plan?

a)

Document that describes a new business & a strategy to launch that business

b)

Shares or ownership stakes in a business

c)

Refers to the words and symbols such as a name, logo, and slogan that represent a business’ identity

d)

A brief speech that defines a person, process, product, service, organization, or event and its value

11.

What is equity?

a)

Describes an individual who takes the initiative and risk to set up a business

b)

A new method, idea, product, etc

c)

Any activity a business does to try and contact potential customers

d)

Shares or ownership stakes in a business

12.

A budget is an estimate of income and expenditure for a set period of time.

a)

True

b)

False

13.

Entrepreneurs

a)

take risks

b)

run away from risks

c)

are unaware of risks

d)

none of the above

14.

What are two characteristics of an entrepreneur?

a)

willing to take risks

b)

shopaholic

c)

money manager

d)

run away from risks

15.

Do you think you could be an entrepreneur? Why or why not?

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