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WorksheetsAES Entrepreneurship Unit 1
Total questions: 18
Worksheet time: 9mins
A successful entrepreneur is
a leader.
a troublemaker.
annoying.
a loser.
You should seek the advice of a trained professional to
help you when you don't feel smart enough on your own.
Provide funding for your idea.
Write off their services on your income taxes.
Get accurate and specialized information relevant to your situation.
Which of the following would NOT be a place to go to get good business advice?
The Chamber of Commerce
The Better Business Bureau
An Embezzlers Anonymous Meeting
A Community Workshop
Which kind of business opportunity is like buying a business kit?
Buying an existing business
Starting a new business from scratch
Buying a franchise
Which is an advantage of owning a franchise?
The company has wide-spread name and brand recognition
Owners pay a large franchise fee up-front to "buy-in"
Owners spend a lot of time in the beginning getting things up and running
Owners are locked into franchise rules, food, menu, uniforms, etc
A good entrepreneur will
Be willing to sell their soul for success.
Put on a great show.
Change the world.
Find a new or unusual way of doing business.
Which of these is NOT a characteristic of an entrepreneur?
Good communicator
Self-starter
Fearful
Risk taker
What is most important for entrepreneurs with home-based businesses to remember?
You need to clearly define your "work" time and your "home" time.
You need to work hard to build your business and make it successful.
You shouldn't wear your pajamas all day just because you can.
You should schedule lunches out of the house as a tax write-off.
Which is an example of information you would find in researching the wants and needs of potential customers for a food-service business?
1 in 133 people suffer from Celiac Disease and need to eat gluten free foods.
Pink is a popular color among adolescent girls.
People like their cats and feed them expensive foods.
Most people don't like to go to the grocery store.
What might be a motivation to become an entrepreneur?
Lack of responsibility
Doing paperwork
Be your own boss
Risk of financial ruin
A person doing medical billing from their den is an example of a/an
Internet-based business
Home-based business
Franchise
Corporate freelance business
Which business opportunity would be created by opening a store on the World Wide Web?
A home-based business
An existing business
An internet-based business
A franchise
Which of these people are examples of entrepreneurs?
James T. Kirk, Mr. Spock, Dr. Leonard McCoy
Angelina Jolie, Channing Tatum, Bob Barker
Beyonce, Justin Beiber, Zendaya
Steve Jobs, Sean "Diddy" Combs, Oprah Winfrey
The definition of an entrepreneur is a person who
Works for a large company creating new products.
Is active in their community and encourages business owners.
Is willing to take a risk in the hunt for new business opportunities.
Provides entertainment to people in a variety of ways.
What kind of business opportunity is started from scratch?
An existing business
A new business
Corporate freelance business
A franchise
Why is it important for entrepreneurs to identify customers' wants and needs as they plan their businesses?
To understand how to make money fulfilling those wants and needs
To tell their customers what they really want and need
To better obtain start-up funding from an investor
To create something no other business has ever created
Which of these is NOT a benefit of buying an existing business?
Existing location(s)
Trained and experienced staff
Tax debt
Existing customers
Bigger risks can mean
Bigger need for cash investment.
Certain failure.
Bigger opportunities for success.
More people will get involved.
