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WorksheetsEntrepreneurship Pre-test
Total questions: 15
Worksheet time: 8mins
The definition of an entrepreneur is a person who
Provides entertainment to people in a variety of ways
Is active in their community and encourages business owners.
Works for a large company creating new products.
Is willing to take a risk in the hunt for new adventures
What might be a motivation to become an entrepreneur?
Lack of Responsibility
Risk of financial ruin
Being your own boss
Doing paperwork
Which kind of business opportunity is like buying a business kit?
Buying a franchise
Buying and existing business
Starting a new business from scratch
Starting a small business in your garage
Which type of business is being described: They may have equal responsibilities in the daily operations of the business or they may have an agreement where one has more responsibility than the others.
Sole Proprietorship
Partnership
LLC
Corporation
Which type of business is being described: A formal, legal structure that takes on its own identity. In legal terms, it has similar rights and responsibilities as a person has.
Sole Proprietorship
Partnership
LLC
Corporation
Which type of business is being described: These tend to be very small businesses, often based in a home office – and they generally have few sales or much of the market-share.
Sole Proprietorship
Partnership
LLC
Corporation
Most businesses in the U.S. would be classified as a(n)
Sole Proprietorship
Partnership
LLC
Corporation
If a business wants to expand to a new country, but they may have to deal with additional factors such as tariffs or tax rates, which type of entrepreneurial risk is that?
Financial Risk
Strategic Risk
Political Risk
Competitive Risk
Which reward of entrepreneurship is being described: The entrepreneur has control over when they work and set their own boundaries.
Fulfilling
Control
Work-life Autonomy
Personal Growth
Which of these is not a characteristic of an entrepreneur
risk taker
fearful
self-starter
good communicator
In regards to entrepreneurship, what does SBA stand for?
Small Business Administration
Strategic Business Alliance
Small Business Alliance
Strategic Business Administration
What is the practice among those with power or influence of favoring relatives or friends, especially by giving them jobs.
Nepotism
Espionage
Discrimination
Unethical Leadership
The Red Cross organization is an example of:
Nonprofit Business
Corporation
Partnership
LLC
How long is a copyright protected for
Forever
Creation until 70 years after the author's death
10 years
70 years
Is the "Reese's Orange" color copyrighted, trademarked, or patented?
Copyright
Trademark
Patent
