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Entrepreneur

Total questions: 30

Worksheet time: 18mins

Name
Class
Date
1.

What is an entrepreneur?

a)

Someone who has set up their own business

b)

Someone who is employed

c)

Someone who doesn't work

d)

Someone who works from home

2.

What challenges does an entrepreneur have?

a)

all of the above

b)

drive

c)

responsibility

d)

money

3.

Select all the examples of ways kids can be entrepreneurs (There is more than one answer).

a)

Starting a lemonade stand

b)

Starting a dog walking service

c)

Creating and selling homemade jewelry

d)

Creating and selling a "How To" guide of your favorite video game

4.

What is ONE quality of an entrepreneur?

a)

flexibility

b)

honesty

c)

money

d)

attitude

5.

What entrepreneur qualities do YOU need ?

a)

Determination

b)

Self-discipline

c)

Team-working skills

d)

All of the above

6.

Natalia bought an iPad from Shoppe. He received a broken iPad when he opened his packaging. He is upset and angry.

If you are the owner of the store, how will you deal with this problem?

a)

Shout back at Jonah and ask him to apologies for being rude.

b)

Apologies and replace the broken item with a new one.

c)

Apologies, cry and run away.

d)

Shut the doors and put up the CLOSED sign.

7.

Which of these is NOT a skill of an entrepreneur?

a)

Creativity

b)

Sleeping

c)

Interpersonal Skills

d)

Organization

8.

Looking at new ways of doing things, developing solutions to problems is what characteristic?

a)

Goal-Oriented

b)

Creative

c)

Responsible

d)

Independent

9.

An individual who undertakes the risk associated with creating, organizing, and owning a business is?

a)

a trained salesperson

b)

an entrepreneur

c)

Mathematician

d)

a farmer

10.

Not afraid to do new things is what characteristic?

a)

Problem-solving & Decision-making Skills

b)

Independent

c)

Human Relations Skills

d)

Risk Taker

11.

Not giving up and keep trying is what characteristic?

a)

Persistent

b)

Creative

c)

Self-Confident

d)

Responsible

12.
An entrepreneur is someone 
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
13.
Most entrepreneurs start what type of business?
a)
Partnership
b)
Corporation
c)
Sole Proprietorship
14.
An entrepreneur must know...
a)
Only the parts of the business they like
b)
No parts of the business management
c)
all parts of business:  finance, marketing, etc.
15.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
16.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
17.
An entrepreneur can own an online business...
a)
False - entrepreneurs can only create business in person
b)
True - there are companies online as well as in person
18.

What challenges does an entrepreneur face?

a)

money

b)

responsibility

c)

paperwork

d)

all of the answers are correct

19.

At what age can you become an entrepreneur?

a)

20

b)

18

c)

50+

d)

any age

20.

What is a problem of being an entrepreneur?

a)

Making all the decisions by yourself

b)

Keeping all the profits

21.
Money needed to start or expand a business?
a)
Loan
b)
Financial Capital
c)
Savings
d)
Venture Capitalist
22.
The process of turning an invention into a marketable  product
a)
Entrepreneurship
b)
Innovation
c)
Modification
d)
Deviation
23.

Which of the following is NOT an advantage of enterprise and entreprenuers.

a)

They create wealth

b)

They create jobs

c)

They sponsor football teams

d)

They support creativity

24.

Enterprise can mean which of the following

a)

A business

b)

The act of setting up a business

c)

Neither

d)

Both

25.

Risk is the chance that something could go wrong

a)

True

b)

False

26.

Which of these is NOT a risk of setting up a business.

a)

Losing money

b)

Making money

c)

losing time

d)

Losing security

27.
Which of the following are characteristics of successful entrepreneurs?
a)
Creative, work hard, self-confident
b)
Goal-oriented, will to work while others play, highly motivated to succeed
c)
Strong desire to have control, high energy levels
d)
All of the Answers
28.
The purpose of a business plan is to?
a)
describe how a business will operate
b)
guide development of the business
c)
obtain a loan
d)
All of the Answers
29.
An advantage of entrepreneurship is that you determine your work schedule
a)
True
b)
 False
30.
Entrepreneurship sometimes experiences large financial losses
a)
True
b)
 False