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Introduction to Entrepreneur

Total questions: 33

Worksheet time: 15mins

Name
Class
Date
1.

Which of these is NOT a skill of an entrepreneur?

a)

Creativity

b)

Interpersonal Skills

c)

Organisation

d)

Sleeping

2.
An entrepreneur must know...
a)
Only the parts of the business they like
b)
No parts of the business management
c)
all parts of business:  finance, marketing, etc.
3.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
4.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
5.
An entrepreneur can own an online business...
a)
False - entrepreneurs can only create business in person
b)
True - there are companies online as well as in person
6.
A negative (drawback) of starting a sole proprietorship is...
a)
You have to raise ALL of the money yourself
b)
You make all of the decisions
c)
All of the profits belong to you
7.

What challenges does an entrepreneur face?

a)

money

b)

responsibility

c)

paperwork

d)

all of the answers are correct

8.

Is money the main reason why people become entrepreneurs?

a)

yes

b)

no

c)

don't know

9.

What is a problem of being an entrepreneur?

a)

Making all the decisions by yourself

b)

Keeping all the profits

10.

Entrepreneurs should be?

a)

Stylish

b)

Lazy

c)

Creative

d)

Competitive

11.

Who starts a business?

a)

inventor

b)

congressman

c)

president

d)

entrepreneur

12.

What is left after the business pays for everything it uses to provide goods and services.

a)

cash

b)

capital

c)

profit

d)

resource

13.
Some people become entrepreneurs by turning part-time work experiences into full-time businesses.
a)
True 
b)
False
14.
Entrepreneurs want to be their own bosses, set their own working hours, and make their own decisions.
a)
True
b)
False
15.
When setting the prices of goods or services, business owners must consider the prices charged by competitors.
a)
True
b)
False
16.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
17.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
18.
ALL entrepreneurs have a college degree.
a)
True
b)
False
19.

Which is a characteristic of a successful entrepreneur?

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

20.

Entrepreneurs create ____________________ for themselves and others.

a)

wealth

b)

risk

c)

plans

d)

none of these

21.
Which one of these is NOT a characteristic of an entrepreneur?
a)
risk taker
b)
idea person
c)
generalist
d)
specialist
22.

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

a)

Creative

b)

Perseverance

c)

Persistence

d)

Self Confidence

23.
Which of the following are characteristics of successful entrepreneurs?
a)
Creative, work hard, self-confident
b)
Goal-oriented, will to work while others play, highly motivated to succeed
c)
Strong desire to have control, high energy levels
d)
All of the Answers
24.

What challenges does an entrepreneur have?

a)

all of the above

b)

drive

c)

responsibility

d)

money

25.

What is ONE quality of an entrepreneur?

a)

flexibility

b)

honesty

c)

money

d)

attitude

26.

What entrepreneur qualities do YOU need ?

a)

Determination

b)

Self-discipline

c)

Team-working skills

d)

All of the above

27.

Natalia bought an iPad from Shoppe. He received a broken iPad when he opened his packaging. He is upset and angry.

If you are the owner of the store, how will you deal with this problem?

a)

Shout back at Jonah and ask him to apologies for being rude.

b)

Apologies and replace the broken item with a new one.

c)

Apologies, cry and run away.

d)

Shut the doors and put up the CLOSED sign.

28.

Confidence is:

a)

believing in your own skills and that your product will be a success.

b)

thinking of new ideas or new ways of doing things.

c)

not being afraid of things going wrong.

29.

Independence is:

a)

not being afraid of things going wrong.

b)

liking to be in charge and not liking being told what to do.

c)

believing in your own skills and that your product will be a success

30.

Being held accountable is what characteristic?

a)

Independent

b)

Self-Confident

c)

Responsible

d)

None of the answers

31.

An individual who undertakes the risk associated with creating, organizing, and owning a business is?

a)

a trained salesperson

b)

an entrepreneur

c)

Mathematician

d)

a farmer

32.

Not afraid to do new things is what characteristic?

a)

Problem-solving & Decision-making Skills

b)

Independent

c)

Human Relations Skills

d)

Risk Taker

33.

Not giving up and keep trying is what characteristic?

a)

Persistent

b)

Creative

c)

Self-Confident

d)

Responsible