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Intro to Entrepreneurship

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Items that businesses sell that can be physically weighed or measured

a)

Profit Motive

b)

Goods

c)

Services

d)

Consumer

2.

Tasks that businesses perform or provide for customers

a)

Needs

b)

Goods

c)

Services

d)

Wants

3.

Items that would be nice to have but are not necessary

a)

Services

b)

Profit Motive

c)

Consumer

d)

Wants

4.

Money that remains after a business has paid all expenses of running the business

a)

Profit

b)

Competition

c)

Goods

d)

Services

5.

A business owned by one person

a)

Sole Proprietorship

b)

Corporation

c)

Franchise

d)

Partnership

6.

Activities that involve the day to day running of a business

a)

Operations

b)

Accounting

c)

IT

d)

Management

7.

A contract between a parent company and a franchisee to use the name and sell goods such as McDonald's

a)

Non-Profit

b)

Franchise

c)

Corporation

d)

Partnership

8.

A business owned by two or more people

a)

Partnership

b)

Sole Proprietorship

c)

Franchise

d)

Corporation

9.

Recording and reporting financial data for a business

a)

Human Resources

b)

Accounting

c)

IT

d)

Operations

10.

Items necessary for existence

a)

Wants

b)

Needs

c)

Competition

d)

Profit

11.

Creating, promoting, and presenting a product

a)

Management

b)

Operations

c)

Accounting

d)

Marketing

12.

Activities that involve hiring, firing, and training of personnel

a)

Human Resources

b)

IT Marketing

c)

Marketing

d)

Accounting

13.

What does "IT" stand for?

a)

Information Teller

b)

Informational Text

c)

Information Technology

d)

Informational Talker

14.

What is a business card?

a)

A card with your name on it

b)

A small card for your pocket

c)

A small card identifying a business information

d)

A card to place in your notebook

15.

What is a flyer?

a)

A sheet of paper

b)

A Flyer is usually a single, unfolded printed sheet that is used to draw attention to an event, service, product or idea.

c)

A piece of paper that you put in your pocket