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WorksheetsBusiness Units 1 & 2 KK 1 & 2
Total questions: 14
Worksheet time: 7mins
The process of establishing a business to satisfy a need in the market whilst taking on the associated risks.
Business
Businessman
Entrepreneurship
Entrepreneur
What is an entrepreneur?
A person who works for someone else in order to learn skills.
A person who is in charge of a specific location.
An individual who starts up a business and takes on the associated risks in order to satisfy a need in the market.
None of these
Which is NOT a common characteristic of an entrepreneur?
risk-taker
organized
creative
irresponsible
Entrepreneurs look for business ideas and new and better ways to solve problems.
True
False
The key concept of entrepreneurship, the outcome of creativity resulted to a new and different way of doing things.
creativity
innovation
discipline
risk taker
True or False. Only adults can be entrepreneurs. Kids are too young.
True
False
What entrepreneur qualities do YOU need ?
Determination
Self-discipline
Team-working skills
All of the above
KK2 - The personal motivation behind starting a business include which of the following reaons?
Personal Independence
Financial Independence
To Make a Profit
To meet customer needs
Profit =
Income + Expenses
Income- Expenses
Expenses X Sales
Sales - Income
Fulfilling a market need is...
Improving the community by supporting disadvantaged people
Maximising business sales
Satisfying customer needs unfulfilled in a particular market
All of the above
To improve the community or the environment through business activities
To fulfil a market need
To make a profit
To fulfil a social need
None of the above
The personal motivations to start a business "to make a profit" and "financial independence are the same.
True
False
Social Enterprises do not need to make a profit
True
False
Entrepreneurs are:
Innovators
Decision-makers
Comfortable with risk
All of the above
