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Intro to Entrepreneurship & Small Business

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Entrepreneur

a)

Someone who creates and owns a business.

b)

The chance that something bad could happen to an entrepreneur, including loss of time and money.

c)

entrepreneurs decide to take after carefully considering the likely costs and benefits.

2.

Risk

a)

The chance that something bad could happen to an entrepreneur, including loss of time and money.

b)

entrepreneurs decide to take after carefully considering the likely costs and benefits.

c)

A business with fewer workers and customers, and lower revenue compared to many similar businesses, like chains. For example: a family owned neighborhood Mexican restaurant would be a small business, whereas Taco Bell is a much larger chain. Most startups begin as small businesses.

3.

Reward

a)

Someone who creates and owns a business.

b)

The chance that something bad could happen to an entrepreneur, including loss of time and money.

c)

What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community.

4.

Calculated Risk

a)

a business structure that allows the owners of a business to become legally separate from the business itself.

b)

Chances entrepreneurs decide to take after carefully considering the likely costs and benefits.

c)

An organization that provides products or services, usually to make money.

5.

Small Business

a)

What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community

b)

A business with fewer workers and customers, and lower revenue compared to many similar businesses, like chains. For example: a family owned neighborhood Mexican restaurant would be a small business, whereas Taco Bell is a much larger chain. Most startups begin as small businesses.

c)

The chance that something bad could happen to an entrepreneur, including loss of time and money.

6.

Business

a)

An organization that provides products or services, usually to make money.

b)

A business with fewer workers and customers, and lower revenue compared to many similar businesses, like chains. For example: a family owned neighborhood Mexican restaurant would be a small business, whereas Taco Bell is a much larger chain. Most startups begin as small businesses.

c)

Someone who creates and owns a business.

7.

Financing

a)

The trading of items or services between businesses.

b)

Raising money to launch a business; often in exchange for equity and/or paying back with interest.

c)

Raising money to launch a business; often in exchange for equity and/or paying back with interest.

8.

Startup

a)

A new venture trying to discover a profitable business for success.

b)

the process of starting, organizing, managing, and assuming the responsibility for a business

c)

What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community

9.

Independence

a)

freedom from the influence, control, or determination of another or others.

b)

An organization that provides products or services, usually to make money.

c)

Someone who creates and owns a business.

10.

Risk of being an entrepreneur

a)

Final say in business decisions

b)

Doing what you love

c)

Independence

d)

Business failure