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Vocabulary Set 1 (ESB)

Total questions: 21

Worksheet time: 11mins

Name
Class
Date
1.

Standards of professional conduct professionals should uphold

a)

Collaboration

 

 

b)

Critical Thinking

c)

Entrepreneur

d)

Ethical Practices

2.

The characteristic of being able to tackle goals with courage and   

                  perseverance

a)

Growth Mindset

b)

Collaboratoin

c)

Grit

d)

Critical Thinking

3.

A characteristic in which an individual will act to turn ideas into

                   action

a)

Initiative

b)

Innovation

c)

Opportunity Recognition

d)

Personal agency

4.

The process of coming up with solutions to solve a problem

a)

Initiative

b)

Problem-Solving

c)

Resiliency

d)

Forward-Thinking Mentality

5.

One’s ability to act to work toward achieving a goal.

a)

Critical Thinking

b)

Forward-Thinking Mentality

c)

Growth Mindset

d)

Personal Agency

6.

An individual who aspires to start and run a successful business.

a)

Personal Agency

b)

Entrepreneur

c)

Risk Tolerance

d)

Grit

7.

Believing that one can accomplish anything with hard work

a)

Growth Mindset

b)

Resiliency

c)

Self-Teliance

d)

Grit

8.

The level of willingness to lose time and money when starting a

                  business.

a)

Initiative

b)

Growth Mindset

c)

Forward-Thinking Mentality

d)

Risk Tolerance

9.

Thinking about and planning for the future.

a)

Risk Tolerance

b)

Critical Thinking

c)

Forward-Thinking Mentality

d)

Opportunity Reocognition

10.

The way one approaches new ideas and ventures in their life.

a)

Resiliency

b)

Risk Tolerance

c)

Self-Reliance

d)

Opportunity Recognition

11.

One’s ability to adapt to change, loss, and disappointment

a)

Resiliency

b)

Grit

c)

Growth Mindset

d)

Personal Agency

12.

The action of working with one or more people toward a common

                  goal.

a)

Opportunity Recognition

b)

Collaboration

c)

Innovation

d)

Critical Thinking

13.

A new idea, product, or method.

a)

Innovation

b)

Initiative

c)

Personal Agency

d)

Collaboration

14.

Trusting one’s self, goals, and progress.

a)

Self-Realization

b)

Critical Thinking

c)

Problem-Solving

d)

Self-Reliance

15.

Using your mind to solve a problem in the best way by considering

                    several potential solutions.

a)

Self-Reliance

b)

Problem-Solving

c)

Critical Thinking

d)

Forward-Thinking Mentality

16.

A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation.

a)

Franchise

b)

Limited Liability Company

c)

Nonprofit

d)

C Corporation

17.

A business that takes its name and characteristics from an existing business chain

a)

C Corporation

b)

Limited Liability Company

c)

Franchise

d)

Nonprofit

18.

A business with pass-through taxation where owner pay taxes on the company’s profit and losses through personal taxes with a limit on the amount of risk

a)

Sole Proprietorship

b)

Limited Liability Company

c)

Nonprofit

d)

Small Business

19.

A type of business that has no owner and does not pay federal US taxes

a)

Sole Proprietorship

b)

Small Business

c)

Nonprofit

d)

C Corporation

20.

A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people that generally has fewer employees and lower revenue

a)

Sole Proprietorship

b)

limited Liability Company

c)

Small Business

d)

Franchise

21.

A type of business structure with a single owner. In this structure the business is not protected from any amount of liability.

a)

Franchise

b)

Sole Proprietoship

c)

Small Business

d)

C Corporation