WorksheetsEntrepreneurship Recap
Total questions: 11
Worksheet time: 11mins
Which statement correctly defines entrepreneurship
The act of starting a business
The process of carrying out a survey, identifying an opportunity, and bringing together resources to initiate an economic gainful activity
Running a business
Who is an entrepreneur?
A person who carries out a survey, identifies an opportunity and brings together resources to initiate an economic gainful activity
A business person
Someone who owns a business
Needs are things we _____________
don't really need but would like to have.
must have in order to survive.
Wants are things we______________
would like to have but don't really need.
must have in order to survive.
Why is it important to save money?
To waste itt
To spend on others
To be prepared for future needs
Which of these is not an appropriate place to save your money?
Piggy bank
Mshwari
Under the mattress
KCB Mpesa
Bank
Do you think it is important to learn how to save money and spend wisely?
Yes
No
It's important to spend money on things you need before spending money on things you want.
yes
no
Which of these questions correctly defines an opportunistic entrepreneur
Benefits from a large volume of sales accompanied by discounts and low operational overhead
•Buy products and services from point A and sells them at point B at a profit.
Seizes a business opportunity while it lasts.
•Have the ability to think new, better and more economical ideas. They are the business leaders and contribute a great deal to the economic development.
Which of these is not a consequence of not having a budget
•Bad spending habits are unidentified
You get to save
•No idea where money has been spent
•Unprepared for emergencies
Which of the following is not recognized as a myth about entrepreneurship?
Entrepreneurs are born not made
All entrepreneurs need is money
Entrepreneurs take calculated risks
Entrepreneurs are academic and social misfits
Start ups cannot be founded on debts
