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WorksheetsAll about Entrepreneurship
Total questions: 30
Worksheet time: 16mins
Business man you admire most...
Business where individual is both the owner and the conductor of business affairs is called as
(a)
An individual usually suceeds his entrprenerial venture at the age of
Talk of the town BUSINESS
FOOD & EATERIES
PHARMACEUTICAL INDUSTRY
RETAIL SEGMENT
HOSPITAL & ALLIED SERVICES
Brainstorming is always done in a group setting: it is a useless activity for an individual.
True
False
Entrepreneurship should not be afraid or making mistakes.
True
False
Competency involves
being able to look at things from different perspectives
sharing ideas with others
working well with others
having the right set of skills needed to get the job done
When comparing different business opportunities, an entrepreneur should
set financial goals
set nonfinancial goals
determine the hours per week needed to run the business
perform a self-assessment
A disadvantage of entrepreneurship is that entrepreneurs
face irregular incomes
must make all decisions by themselves
work long hours
all of these
An advantage of entrepreneurship is that entrepreneurs
can supervise others
make all decisions by themselves
can work in a field that they love
do not need to set goals
can easily get loans to start their venture
Attending conferences, seminars, and workshops enable entrepreneurs to _____
network
rank
risks
display their products/services
Nonfinancial goals are important for an entrepreneur because they
determine personal satisfaction
incrase sales
guarantee success
enable a business to earn a profit
Which of the following is not a characteristic of a successful entrepreneur?
determination
creativity
dependence
self-confidence
_____ businesses sell products directly to the people who use/consume them
financial
network
retailing
risks
Which of the following is a retail business?
automotive repair shop
travel agency
grocery store
farm
classroom
Identify a successful sole proprietor must exhibit all of the following except
Leadership skills
Be fully responsible for the firm’s performance
Be willing to work 40 hours per week
Organization skills
Identify creative thinking technique except
Personnel
Brainstorming
The six thinking hats
Business process re-engineering
Identify the person who provides money to start-up the business with the expectation of a future financial return is known as:
Investor
Rich person
Bank
Loan
Which of the following is NOT a type of business ownership
Partnership
Sole Proprietorship
Entrepreneurship
Franchise
Which of the following is a type of business which operates as a separate legal entity?
Corporation
Franchise
Partnership
Sole Partnership
Describe an entrepreneur
An entrepreneur must know only the parts of the business they like
An entrepreneur must know no parts of the business management
An entrepreneur must know all parts of business: finance, marketing, etc
