WorksheetsEntrepreneurship Quiz Review
Total questions: 15
Worksheet time: 8mins
Which describes a market?
Someone who creates, owns, and potentially runs a business
A group of people or businesses who are able to purchase a particular product or service
Investors or lenders who loan money to start the business
People who study the demand for goods and services.
Which of the following is a social science that studies how people satisfy their demands for goods and services?
Socionomics
Ergonomics
Genamics
Economics
Which is an entrepreneur?
Someone who invests in someone else's company
People or businesses who are able to purchase a particular product or service
Someone who creates, owns, and potentially runs a business
A banker who loans the business money
What is take home pay?
The amount of money left over after all deductions
Money paid to the US federal government
Your monthly expenses
Money received from individuals or businesses
What is income?
The amount left over after all deductions
Money received by individuals or businesses
Money you saved to start your business
Money paid to the US federal government
Which of the following describe a spending plan?
Money you receive from individuals or businesses
Monthy costs
Deciding how to spend your money wisely
Money left over after all the deductions
Which of the following does NOT describe an entrepreneur?
Unwilling to take risks
Creates their own business
Acts as their own boss
Creative and persistent
Which of the following is a way of briefly sharing the most important information about your business to people in an engaging way?
Business Plan
Business Pitch
Spending Plan
Startup Plan
Which of the following is an overview of your business goals and includes details on how you are going to achieve them?
Spending Plan
Startup Plan
Business Pitch
Business Plan
When starting a business, what is it called when you determine if your business meets a consumer need or want?
Market Polling
Market Research
Market Shopping
Market Interviews
Which of the following describes the four parts of the SWOT analysis?
Sales, Wories, Openness, Taxes
Spending, Work Ethic, Observations, Time
Strengths, Weaknesses, Opportunities, Threats
It's an acronym for "Some wish, others take."
Which of the following would NOT be considered an asset?
Expenses
Cash
Time
Van
Variable expenses change from month to month.
True
False
Which of the following would be considered a fixed expense?
Grocery bill
Electric bill
Car payment
Credit card bill
Which of the following describes Startup Capital?
Money you earn afer you sell a product
The amount of money left over after all the deductions from your paycheck
The revenue the government collects to pay for services
The money you invest to get your business up and running
