WorksheetsBasic entrepreneurship
Total questions: 41
Worksheet time: 19mins
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
A target market is
a group of investors willing to put capital into a business
a generational group of individuals
a group of consumers at which a product/service is aimed
an industry willing to sell and market your product
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
Why do you need a business plan? (hint: choose 3 correct answers)
To raise capital
Gets everyone involved to focus on the same goals
Gives an objective look at what you are doing and why
It is required by law
What information should NOT be included in a business plan?
Your financing needs
Your basic business concept
Your marketing plan
Your assets and liabilities
They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.
Creative
Perseverance
Persistence
Self Confidence
Which component of a business plan presents all the processes involved in producing and delivering products and services to customers?
Operational plan
Organizational plan
Marketing plan
Financial Plan
Which component of a business plan is brief description of the key points of each section of the business plan?
Executive Summary
Product/Service plan
Management Team plan
Industry/Market Analysis
Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)
Motivated
Takes very little risk
Passionate
Hard-working
What is a disadvantage of being an entrepreneur?
You have more control over your work
You have a more flexible schedule
You do not always receive a regular paycheck
Your work schedule is always predictable
Elon Musk is one of the greatest innovators in the last 30 years. He... ((hint: choose 3 correct answers)
Co-founded Google
Co-founded Paypal
Founded the company SpaceX
Founded the company Tesla
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
TRUE or FALSE
Disadvantages of short-term relationship is there is NO established trust between the buyer and seller
TRUE
FALSE
TRUE or FALSE
In long-term relationship, buyer and seller can build stronger relationship
TRUE
FALSE
TRUE or FALSE
It's important for seller and buyer to establish good relationship
TRUE
FALSE
Which of the following is a human basic needs?
car
food
travel
gadgets
ENTREPRENEUR a person who owns, organizes and operates a business or businesses.
TRUE
FALSE
What kind of business is shown in the picture?
product
service
hybrid
What kind of business is shown in the picture?
product
service
hybrid
Businesses are important because they provide products and services
TRUE
FALSE
The Entrepreneur is a
Person
Outcome
Process
Which one of the follow is a reason that entrepreneurs fail?
No finance (money)
Too many ideas
Risk-management
Because they love ice cream
What is NOT one of the skills that an entrepreneur needs?
time-management
risk-management
characteristics
Communication
What 2 actions are needed for someone to be called an "entrepreneur"?
starting a business
running a business
being a manager
selling goods
travelling
What word means "a project or business that needs bravery, creativity and ideas"?
Risk-taking
Collaboration
Enterprise
Innovation
What is NOT one of the reasons for an entrepreneur to fail?
Poor financial management
Poor location choice
Bad economy
Lack of finance (money)
Unclear objectives
What is one thing that an enterprise needs to be successful?
new ideas
a large office
at least 1000 people
ice cream
What is one of the skills that an entrepreneur needs?
Decision-making
Poor location
Ideas
Independent
What is one of the characteristics that a entrepreneur needs?
self-motivation
interpersonal
finance (money)
communication
Which TWO sections have an aspect about risks?
Failure
Skills
Characteristics
Enterprise
