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Entrepreneur Project - Topic 1 Revision

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

"The capacity and willingness to develop, organise and manage a business venture along with any associated risks in order to make a profit"

a)

Entrepreneurship

b)

Innovation

c)

Financial Capaity

d)

Social Enterprise

2.

Social enterprise refers to...

a)

Businesses that prioritise their financial capabilities

b)

Businesses that trade to improve communities and help the environment

c)

Businesses that trade to damage the environment

d)

Businesses that contain more than 3 people

3.

Considering information from a range of sources and being curious relates to which enterprise skill?

a)

Problem solving

b)

Critical thinking

c)

Communication

d)

Teamwork

4.

Select the characteristic that relates to creativity and innovation

a)

Coming up with variations

b)

Marketing tools

c)

Ethical

d)

Profit and loss

5.

PDF, audio files and video files are all examples of...

a)

Digital products

b)

Digital services

c)

Product

d)

Service

6.

What is the definition of a product?

a)

Something that you do for someone

b)

Something that someone does for you

c)

Something that you can use or consume

d)

None of the options

7.

What is the definition of a service?

a)

Something that you can use or consume

b)

None of the options

c)

A physical object

d)

Something that someone does for you

8.

Select the answer that is an example of a digital service.

a)

Hair spray

b)

Netflix

c)

Chair

d)

Table

9.

What is Intellectual Property?

a)

The property of your mind or proprietary knowledge

b)

New ideas you have come up with

c)

New inventions different to anything else

d)

All of the options

10.

How many types of protection are there for IP?

a)

2

b)

4

c)

6

d)

8

11.

Devices, substance, methods or processes refer to which part of IP protection

a)

Plant Breeders Rights

b)

Designs

c)

Patents

d)

Trademarks

12.

Distinguishing goods and services from those of another business relates to qhich part of IP protection?

a)

Patents

b)

Trademarks

c)

Designs

d)

Plant Breeder Rights

13.

The combination of which three concepts reflects financial capability?

a)

Knowledge, skills and patience

b)

Knowledge, concepts and access to resources

c)

Skills, concepts and access to resources

d)

Knowledge, skills and access to resources

14.

What is a quality of financial wellbeing?

a)

Being in control of finances and feels financially secure, now and in the future.

b)

Being stressed about financial encounters

c)

Having low financial capabilities

d)

Being in control of finances but also in financial debt

15.

What are the five steps in the design thinking process?

a)

Enthusiasm, define, ideate, prototype, time

b)

Empathise, define, ideate, prototype, test

c)

Empathise, define, ideate, prototype, time

d)

Enthusiasm, define, ideate, prototype, test

16.

A law granting authors and creators of original works the exclusive privilege to reproduce, distribute, perform, display or sell their work.

a)

Patent

b)

Public domain

c)

Fair use

d)

Copyright

17.

Having a sense of duty and care and correct morals relates to which concept?

a)

Innovation

b)

Responsibility

c)

Creativity

d)

Social

18.

To take and use the thoughts, writings, inventions, or creative works of another person and use them as your own.

a)

Patent

b)

Photocopy

c)

Plagiarism

d)

Paraphrase

19.

Sustainability refers to...

a)

Capable of being continued with long-term minimal impact on the environment.

b)

A new method or idea.

c)

A person, partnership, or corporation engaged in commerce, manufacturing, or a service, which is a profit-seeking enterprise or concern.

d)

A project or undertaking, typically one that requires effort.

20.

Unit cost includes what components?

a)

Materials and profits

b)

Selling price and labour

c)

Materials and labour

d)

Both profits and losses