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Revision Y8

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

•An entrepreneur: (Choose the incorrect one)

a)

•Identifies a need or gap in the market

b)

•Comes up with innovative/ creative ideas to satisfy the specific need

c)

•Leads their company/ organization

d)

Assumes no responsibility for the execution, success or failure of their businesses

2.

Characteristics of a Successful Entrepreneur...(choose the incorrect one)

a)

Innivative

b)

passionate

c)

lazy

d)

productive

3.

starts up their idea or venture based on a sport, hobby or pastime they are passionate about.

a)

business Entrepreneur

b)

serial Entrepreneur

c)

lifestyle Entrepreneur

d)

social Entrepreneur

4.

Has many ideas and constantly starts up new companies or enterprises to implement those ideas.

a)

Serial Entrepreneur

b)

Lifestyle Entrepreneur

c)

Business Entrepreneur

d)

Social Entrepreneur

5.

Physical products that can be seen or touched.

a)

Services

b)

Goods

c)

Entrepreneur

d)

Lifestyle

6.

A SWOT analysis stands for...

a)

Strengths

weaknesses

threats

Opportunities

b)

Strengths

weaknesses

threats

opposite

c)

Setup

weaknesses

threats

Opportunities

d)

Strengths

work

threats

Opportunities

7.

The income earned by a business over a period of time, eg one month.

a)

Loss

b)

Salary

c)

Revenue

d)

Profit

8.

Costs that stay the same even if more is produced. Like Office rent.

a)

Variable cost

b)

start-up cost

c)

Cost of sales

d)

Fixed cost

9.

About passing messages between people or organizations.

a)

Revenue

b)

Productivity

c)

Motivation

d)

Communication

10.

A summary of you who you are and what you have done and can include the following: your working experience, academic background

a)

Curriculum Vitamin

b)

Curriculum Vitae

c)

Cover letter

d)

Interview