WorksheetsEntrepreneurship Unit 1 - Owning Your Future
Total questions: 35
Worksheet time: 19mins
Select all that apply: An entrepreneur....
risks more than an employee
is responsible for his or her business success
typically works longer hours than employees
has fewer benefits than an employee
A serial entrepreneur is
someone who uses money from sale of a business to start another business
someone who learns from previous successes and failures
someone who starts more than one business
works for someone else
A dot-com company is
a company that has more than 100 employees
a company that runs most of its business from the internet
a company that operates internationally
a company focused on protecting the environment
The primary motivation for becoming an entrepreneur is to make money.
True
False
In today's business world, most entrepreneurs use the internet in some way.
True
False
One of the rewards of being an entrepreneur is being able to help your community.
True
False
Which of the following is NOT a skill needed by an entrepeneur?
computer skills
people skills
organizational skills
drawing skills
The ability to perform a specific kind of task after practice is referred to as having
a skill
an aptitude
self-esteem
an attitude
Which of the following is not generally a personal characteristic of a successful entrepreneur?
creativity
curiosity
cautiousness
courage
What percentage of business owners used money of their own, or from their families, to start or buy a business?
between 20% and 40%
between 40% and 60%
more than 60%
less than 20%
Select all that apply: An attitude is...
a way of thinking about something that affects how you feel about it
a feeling you can choose to have
a feeling that can be positive or negative
the ability to perform a specific kind of task after practice
In the U.S., fewer than half of the entrepreneurs have some college education.
True
False
Practicing to become good at sports is an example of a skill.
True
False
Instead of seeing problems, a successful entrepreneur usually sees opportunities.
True
False
The entrepreneurial mindset is a blend of characteristics, attitudes, and skills that only people born with certain aptitudes can develop.
True
False
The practice of giving employees the chance to try out new ideas within a company is called
intrapreneurship
mentoring
envisioning
entrepreneurship
An internship is
different from an apprenticeship because it pays more
a work program that provides valuable on-the-job training and career experience
an opportunity to be an entrepreneur
a business class that enables you to study the career of your choice
The goal of a sustainable economic development is to
limit the quantity of a product that can be imported into a country
maintain and improve the quality of life and the environment
control the flow of goods and services globally
protect consumers from foreign goods that might be unsafe
Which of the following is NOT true about nonprofit organizations?
they have no costs
they operate to serve the good of society
they can sell goods and services
they can make a profit
Select all examples of a sponsorship
a company putting its logo on the uniforms of a sports team
a company gives free products to an influencer to review on social media
a company creates a giveaway to help achieve fundraising goals
Selling t-shirts
A green company aims at either protecting or improving the environment.
True
False
Corporate social responsibility affects everyone connected to a business, including employees and investors.
True
False
Ethical sourcing means buying products from philanthropic companies.
True
False
Organics is an environmentally friendly industry that has opportunities for entrepreneurs.
True
False
Which of the following is not considered a universal value?
responsible behavior
generosity
competition
obeying the law
A practical reason for following business ethics is to
protect intellectual property
avoid copyright infringement
motivate employees
encourage fair use
When a musical work is created, it is protected by a
trademark
patent
copyright
A device or process can be protected by a
patent
trademark
copyright
all of the above
A brand name can be legally protected by a
patent
trademark
copyright
all of the above
An executive summary is a one- or two-page report describing
the business plan's highlights
business plan financials
company description
the type of business and the type of ownership
A code of ethics describes a business's moral philosophy when it reflects
environmental responsibility
fair use
universal values
protection of confidentiality
A conflict of interest exists when personal considerations and professional obligations interfere with each other.
True
False
Copyright includes works published on the internet.
True
False
If a patented invention is used in a new product, the inventor must be compensated unless the invention has the status of public domain.
True
False
Confidentiality can be an ethical concern for entrepreneurs.
True
False
