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Entrepreneur Review 1

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

A common advantage of starting your own business is having

a)

long and unpredictable work hours, no guaranteed paychecks, and stress.

b)

no friends and a lack of excitement.

c)

unlimited earning potential

d)

slow pace of work and lack of freedom.

2.

One disadvantage of being an entrepreneur is

a)

control

b)

freedom

c)

earning potential

d)

high stress

3.

What percentage of all businesses fail within the first year? 

a)

25%

b)

80%

c)

50%

d)

 

10%

4.

Starting and running a business is full of risks.

a)

True

b)

False

5.

A business owner is risking their ______________ and ____________.

a)

motivated and determined.

b)

learn and grow.

c)

time and money.

6.

To be a successful business owner you need to be willing to constantly ___________ and ___________.

a)

learn and grow.

b)

motivated and determined.

c)

time and money.

7.

Select the correct spelling of the term used for a self-made business owner.

a)

 

Entrepruners

b)

Entraprenurs

c)

Entrepreneurs

8.

Walt Disney was an entrepreneur in which industry?

a)

Beauty / Fashion

b)

Music / Entertainment

c)

Transportation

d)

Computer / Technology

9.

Coco Chanel was an entrepreneur in which industry?

a)

Beauty / Fashion

b)

Music / Entertainment

c)

Transportation

d)

Computer / Technology

10.

For an entrepreneur, _________________ is helpful for coming up with new ideas and ways to gain an advantage.

a)

being creative

b)

being nervous

c)

being highly educated

d)

being dishonest

11.

According to the Bureau of Labor Statistics the average salary of an entrepreneur is about

a)

$45,000

b)

$180,000

c)

$100,000

d)

$1,00,000

12.

What is the fastest growing group of people choosing to become entrepreneurs?

a)

Men

b)

Women

c)

Older People

d)

Everyone

13.

Why are more people deciding to become entrepreneurs?

a)

Desire for independence.

b)

Desire to work for someone else

c)

Desire to take on less risk

d)

Desire to do less work

14.

An entrepreneur is someone that

a)

doesn’t like to take a risk.

b)

starts their own business.

c)

works for someone else.

15.

Rachael Ray is an entrepreneur in which industry?

a)

Food / Cooking

b)

Music / Entertainment

c)

Transportation

d)

Computer / Technology