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Chapter 2: What it takes to be an Entrepreneur

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

An observable and measurable end result that can be achieved in a specific timeframe

a)

Goal

b)

Short- Term Goal

c)

Medium-Term Goal

d)

Long-Term Goal

2.

A goal that takes 5+ years to accomplish.

a)

Goal

b)

Short-Term Goal

c)

Medium-Term Goal

d)

Long-Term Goal

3.

 A goal that takes less than one year to accomplish.

a)

Goal

b)

Short-Term Goal

c)

Medium-Term Goal

d)

Long-Term Goal

4.

A goal that takes longer than one year but less than five years to accomplish.

a)

Goal

b)

 Short-Term Goal

c)

Medium-Term Goal

d)

Long-Term Goal

5.

Saving for a house would be considered a _______________.

a)

Goal

b)

Short-Term Goal

c)

Medium-Term Goal

d)

Long-Term Goal

6.

The desire to accomplish something, which involves hard work and determination, is known as ______. 

a)

Work Ethic

b)

Personality Type

c)

Ambition

d)

Capital

7.

Money or assets can be invested in a business to generate income.

a)

Work Ethic

b)

Personality Type

c)

Ambition

d)

Capital

8.

Psychological classification of different types of individuals composed of different personal attributes.

a)

Work Ethic

b)

 Personality Type

c)

Ambition

d)

Capital

9.

One with strong ______________ will be able to prioritize and provide high-quality work.

a)

Work Ethic

b)

Personality Type

c)

Ambition

d)

Capital

10.

The desire or willingness for someone to do something is known as______________.

a)

Work Ethic

b)

Motivation

c)

 Ambition

d)

Capital

11.

 An asset or item that is purchased for the goal of generating income is known as______________. 

a)

Investment

b)

Motivation

c)

Ambition

d)

Capital

12.

Land, labor, and capital are used to undertake an enterprise and achieve an outcome. 

a)

Investment

b)

Resources

c)

Ambition

d)

 Capital

13.

Author Napoleon Hill’s principle on a group of individuals with different skills who work together toward a definite purpose or goal.

a)

Network

b)

Skill Group

c)

Mastermind Group

d)

Capital

14.

Employers seek candidates with strong work ethics. Your performance on the job and the manager's satisfaction will depend on it. A strong work ethic will take you places!

a)

True

b)

False

15.

The S in SMART goals stands for Specific. 

a)

True

b)

False