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Entreprenuership

Total questions: 35

Worksheet time: 35mins

Name
Class
Date
1.

Innovation of an entrepreneur includes

a)

Division of work

b)

Opening new markets

c)

Introducing new products

2.

Which of the following is a disadvantage of entrepreneur as a career?

a)

Uncertainty

b)

Indepedency

c)

Ambition Fulfilment

3.

Which of the following does entrepreneur perform to achieve his goal?

a)

Advertisement & Publicity

b)

Appointment of seeling agents

c)

New Organisation Structure

4.

In which situation an entrepreneur will not be able to convince his fellow beings? If he/she is

a)

Low Self Confidence

b)

Innovative

c)

Risk Taker

5.

Incompetent staff means

a)

Experienced Staff

b)

Qualified Staff

c)

Not Experienced and qualified staff

6.

How can an entrepreneur get the work done by his/her team?

a)

By creating a spirit of teamwork

b)

By Motivation

c)

Using harsh words and actions

7.

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

8.

What is ONE quality of an entrepreneur?

a)

flexibility

b)

honesty

c)

money

d)

attitude

9.

Advertisements can be done through

a)

videos, radios and posters

b)

internet only

c)

shouting out loud to passerby

d)

store boards only

10.

Most of the people who does business have this with them. What is it called?

a)

Candy Store Board

b)

Party Invitation

c)

Business Card

d)

Business License

11.

A person who is associated with starting a business is know as

a)

Merchant

b)

Entrepreneur

c)

Salesman

d)

Businessman

12.
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.
13.

Name my Company

a)

Goldilocks

b)

Starbucks

c)

Dunkin Donut

d)

Pizza Hut

14.

Is money the main reason why people become entrepreneurs?

a)

yes

b)

no

c)

don't know

15.

At what age can you become an entrepreneur?

a)

20

b)

18

c)

50+

d)

any age

16.

What is a problem of being an entrepreneur?

a)

Making all the decisions by yourself

b)

Keeping all the profits

17.

This is the simplest form of business organization and has a single owner.

a)

Limited Liability Corporation

b)

Corporation

c)

Sole Proprietorship

d)

Partnership

18.
This type of business organization involves two or more individuals who agree to contribute resources to the business in return for a share of the profit
a)
Corporation
b)
Sole Proprietorship
c)
Limited Liability Corporation
d)
Partnership
19.
The legal obligation to pay any debts of the business.
a)
Financial considerations
b)
Asset
c)
Liabilty
20.

A business that is organized as a proprietorship, but the debts are limited to the assets of the business.

a)

Limited Liability Corporation

b)

Corporation

c)

S Corporation

d)

Cooperative

21.

Who is the founder of Microsoft?

a)

Oprah Winfrey

b)

Bill Gates

c)

Elle McPherson

d)

Steve Jobs

22.

The writer of the best selling books of all time 'Harry Potter?'

a)

JK Rowling

b)

Steven King

c)

George Orwel

d)

Margaret Atwood

23.

What is left after the business pays for everything it uses to provide goods and services.

a)

cash

b)

capital

c)

profit

d)

resource

24.

One of these is a business quality of an entreprenuer

a)

competitive

b)

agility

c)

fragile

d)

restless

25.

identfy a name of an Entreprenuer below

a)

Jack Ma

b)

Yusuf Shekau

c)

Dele Ayinla

d)

Mr. Aro

26.
Money needed to start or expand a business?
a)
Loan
b)
Financial Capital
c)
Savings
d)
Venture Capitalist
27.
The process of turning an invention into a marketable  product
a)
Entrepreneurship
b)
Innovation
c)
Modification
d)
Deviation
28.

Clue: This company started as an online book store.

Industry: Internet Sales


What is the name of the company?

(a)  

29.

Clue: Michael Dell


What is the name of the company?

(a)  

30.

What is the name of the entrepreneur?

a)

Milton Hershey

b)

Hershey Millard

c)

Theodore Hershey

d)

Hershey Bradley

31.

What is the name of the entrepreneur?

a)

John Schnatter

b)

Sam Walton

c)

Richard W. Sears

d)

Howard Schultz

32.

Which of the following is an example of a good?

a)

Librarian

b)

Landscaper

c)

Truck Driver

d)

iPad

33.

Which is an example of a human resource?

a)

Cashier at the store

b)

Water, land, coal

c)

Cell phone

34.

What are productive resources?

a)

Resources used to make goods and services

b)

An action that a person does to help others

c)

The objects which are used or bought by a consumer

35.

What is an example of a service?

a)

Chairs

b)

Librarian

c)

Mirror