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WorksheetsBusiness Management Chapter 5
Total questions: 16
Worksheet time: 8mins
Who would NOT be considered an entrepreneur?
Chef who just wrote a new cookbook
An accountant who just opened their own practice
A lawyer who started working for the largest firm in the US
Businesswoman who inherited a company from her parents
Which is NOT a characteristic of a successful entrepreneur?
Creative
Inquisitive
Goal-Oriented
Procrastination
What is a new business undertaking that involves risks?
Venture
Sole Proprietorship
Small Business
Entrepreneurship
What U.S. government agency provides support to entrepreneurs and small businesses?
Department of Labor
Small Business Administration
Environmental Protection Agency
National Business Register
What is a corporation?
a business with many owners
a person owned by two people
a business owned by one person
a business owned by AI ready to take over the planet
Which is NOT a reward of entrepreneurship?
being the boss
being creative
being isolated
potential for lots of money
___ out of 5 small businesses fail in the first 5 years
25%
40%
70%
80%
Small businesses typically employ fewer than ____ employers and serve a limited geographic area.
50
100
500
2500
It is estimated that ____ of all new jobs are generated by small businesses.
25%
33%
67%
75%
What is the most important reason for having a business plan?
to do market research
to help you focus on how to succeed in your new venture
to make a checklist
to find out what to produce in your business
What is a characteristic of the executive summary in a business plan?
It contains details.
It describes your service plan.
It discusses how you will fill in any gaps in expertise.
It tells the most important points of the business plan.
What does a mission statement do?
tells the major goals of a business
reflects the purpose of the company
describes the company
tells your business concept
What other piece of the business plan is related to the market analysis?
vision statement
table of contents
competitive analysis
operation plan
The _____ looks at likely risks to the business, such as lower-than-expected sales and emergencies that might affect it.
operational plan
risk management plan
sublease plan
contingency plan
Which part of the business plan includes the market niche, pricing, company image, and branding?
operations plan
finance plan
marketing plan
executive summary
What is the most important part of your business plan?
Title Page
Executive Summary
Financial Plan
References
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