WorksheetsIntroductory Exercise
Total questions: 11
Worksheet time: 6mins
Identify a successful sole proprietor must exhibit all of the following except
Leadership skills
Be fully responsible for the firm’s performance
Be willing to work 40 hours per week
Organization skills
Identify secondary sources in entrepreneurial ideas and opportunities except
Reliable existing data
References
Mass media and electronic media
Internet
Select type of business
i. Sole Proprietorship
ii. Partnership
iii. Private Limited Company
iv. Public Limited Company.
i, iii and iv
ii, iii and iv
i, ii, iii and iv
ii and iii only
Identify entrepreneurship support facilities.
i. Financial
ii. Management Training and Entrepreneurship
iii. Advertising
iv. Technology
v. Location and business space
i, ii, iii and iv
i, ii, iii, iv and v
i, ii, iii and v
i, ii, iv and v
What type of business that most entrepreneurs start
Partnership
Corporation
Sole Proprietorship
Private limited company
Describe an entrepreneur
An entrepreneur must know only the parts of the business they like
An entrepreneur must know no parts of the business management
An entrepreneur must know all parts of business: finance, marketing, etc
Identify the person who provides money to start-up the business with the expectation of a future financial return is known as:
Investor
Rich person
Bank
Loan
What are the "channels" in a business model canvas?
Where you sell your products/services
Who your customers are
Your goals as a business
Conclude that a business opportunity is only about having an idea
False
True
Which of the following is a disadvantage of setting up a business as a partnership
Shared losses
Shared workload
Shared profit
More ideas generated
Select the importance of goals for an organization are as follows:
i. It provides direction
ii. it focuses on effort
iii. It drives organizational planning and decision making
iv. It evaluates the organization’s achievement
i, iii and iv
ii, iii and iv
i, ii, iii and iv
i and ii only
