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Unit 1 - Section 1.01 - "The Entrepreneur"

Total questions: 25

Worksheet time: 14mins

Name
Class
Date
1.

A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

a)

Entrepreneur

b)

Intrapreneur

c)

Resource Manager

d)

Press Artist

2.

moral principles that govern a person's behavior or the conducting of an activity.

a)

Ethics

b)

Etiquette

c)

Risk

d)

Innovation

3.

the customary code of polite behavior in society or among members of a particular profession or group.

a)

Ethics

b)

Etiquette

c)

Intrapreneur

d)

Rules

4.

The increase in the flow of goods, services, capital, people, and ideas across international boundaries

a)

Globalization

b)

Innovation

c)

Risk

d)

Ethics

5.

Creating something new with the ability to commercialize it.

a)

Innovation

b)

Invention

c)

Creation

d)

Consumption

6.
  1. A manager within a company who promotes innovative product development and marketing.

a)

Entrepreneur

b)

Intrapreneur

c)

Innovator

d)

Customization Specialist

7.

a situation involving exposure to danger or loss

a)

Risk

b)

Reward

c)

Con

8.

Order the Stages of Entrepreneurism

a)

Innovation

b)

Trigger Moment

c)

Implementation

d)

Growth

1)
2)
3)
4)
9.

The Final Stage in The Entrepreneurial Process that involves proper evaluation of forecasting sales.

a)

Growth

b)

Implementation

c)

Innovation

d)

Trigger event

10.

The actual beginning of operations in a business

a)

Implementation

b)

Trigger Event

c)

Growth

d)

Innovation

11.

The event that sends you into the motion of entrpreneurship

a)

Trigger

b)

Growth

c)

Innovation

d)

Implementation

12.

Invention * Commercialization =

a)

Innovation

b)

MC2

c)

Globalization

d)

Importation

13.

When in the Growth Stage of Entrepreneurialism it is important that....

a)

Your company can handle the expense of growth

b)

Your company has a product that can expand into a market

c)

Your company has a forecast of future sales

d)

All of the above

14.

Scalable Start-Ups differ from Small Businesses in that start ups are....

a)

More Innovative and acquire major funding

b)

Theres no Difference

c)

Typically in the Oil Industry

15.

When a business is developed to tackle a Social Issue...

a)

Social Entrepreneurship

b)

Small Businesses

c)

Scalable Start-ups

d)

Big Company Entrepreneurialism

16.

Makes up for majority of job creation in the US

a)

Small Businesses

b)

Scalable Start Ups

c)

Big Company

d)

Social Entrepreneurism

17.

Which will most likely be considered a scalable start-up....

a)

A Tech Company

b)

Nail Tech

c)

Restaurant

d)

Retail Store

18.

Will manages a business that is aimed at solving the issue of homelessness in his native city of Jacksonville. As part of operations, his company provides resources to homeless people such as Suits, Barbers, Resume Training, and housing solutions. Will company is considered to be a.....

a)

Social Entrepreneurship

b)

Standard Small Business

c)

Scalable Start-Up

d)

Large Company Entrepreneurs

19.

John works for Google. He just presented a new algorithm that has the ability to remove untrue information from the search engine giving users the option to see them or not. Google has adapted this algorithm and given John credit for it implementation, in this example John is considered to be a

a)

Social Entrepreneur

b)

Intrapreneur

c)

Entrepreneur

d)

Small Business Owner

20.

Assessing an issue and taking the financial risk and opportunity cost associated with it is a key component of being a

a)

Entrepreneur

b)

Intrapreneur

c)

Line Worker

d)

Venture Capitalist

21.

Market changing innovation is a prerequisite for

a)

Scalable Start-Ups

b)

Small Businesses

c)

Social Entrepreneurships

d)

Big Company Entrepreneurship

22.

If a Scalable-Start-up shows to be innovative enough to generate a large sum of revenues, they tend to gain funding capital from...

a)

Venture Capitalist

b)

Employee Contribution

c)

Live Stock

d)

Company Stock

23.

People who have a large sum of funds and are willing to invest in new exciting products and companies

a)

Venture Capitalist

b)

Sales Reps

c)

Short Sales Specialist

d)

Industry Poachers

24.

When "Facebook" first began it could've been best described as a

a)

Scalable Start up

b)

Small business

c)

Large Company

d)

Sole Proprietorship

25.

Risk Takers, Hard Workers, Patient, and Determined can all be characteristics of an

a)

Entrepreneur

b)

Sales Associate

c)

9 to 5 Employee