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WorksheetsEntrepreneurship
Total questions: 27
Worksheet time: 13mins
What is an Entrepreneur?
An entrepreneur is someone who invests in the stockmarket
An individual who works for their boss
An individual who works for a company
An entrepreneur is a person who sets up a business (or businesses), taking on financial risks in the hope of profit.
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
The process of creating something new that makes life better is called...
Technology
Innovation
Brand recognition
Opportunity cost
ALL entrepreneurs have a university degree.
being alone
What word refers to a chance of danger or loss?
What is an advantage of entrepreneurship? (hint: more than one correct answer)
Flexible work hours
You are your own boss
Recognition
Do something that you always wanted to do
The following are all disadvantages of entrepreneurship, EXCEPT?
High risk of business failure.
Possibility of low/no income
Potential for high income
Stress
Long work hours
2 benefits of being an employee are:
Less risk
Collect the most wealth possible
Work/Life Balance
Getting to build a business
Which is a common characteristic of an entrepreneur?
organized
vindictive
impressionable
irresponsible
Which is a characteristic of a successful entrepreneur? (hint: select 3 answers)
Motivated
Takes very little risk
Passionate
Hard-working
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
Why are Entrepreneurs important?
An important money maker
An important part of growth in the economy
An important business model
An important way to increase traffic
All of the following are reasons why entrepreneurship is important in the economy, EXCEPT?
Promote innovation
Create jobs
To increase taxes
Create social change and community development
2 downsides to being an employee are:
More stressful than being an entrepreneur
Less wealth
Big risks
Don't get to set your own hours
2 risks of being an entrepreneur are:
Potential business failure
Financial Insecurity
Easy path to success
Short hours and easy work
2 risks of being an entrepreneur are:
Getting stuck in a dead-end job
Long hours
Unexpected obstacles
Financial success
2 rewards of being an entrepreneur are:
Doing work you hate
Making your own rules
Greater wealth
Ignoring community problems
2 rewards of being an entrepreneur are:
Doing work you love
Being told what to do by your boss
Earning a very average salary
Helping your community by solving problems with their products and services
A person who works in a business owned by someone else is...
The boss
A swell guy
An employee
Entrepreneur
