WorksheetsEntrepreneurship
Total questions: 15
Worksheet time: 45mins
Name & Student Number
Identify the correct term for a person who organizes and manages a business undertaking, taking all the risk for a new business opportunity.
Intrapreneur
Entrepreneur
Employee
Lawyer
Soft skills are classified as........ ?
Job related knowledge and abilities.
Physical skills needed to do a job
Personal qualities that employees have.
Artistic skills like drawing and painting
Which characteristic is not that of a successful entrepreneur?
Negative minded
Resourceful
Organized
Creative thinker
Identify the term for someone within a large business who takes direct responsibility for turning an idea into a profitable finished product through using entrepreneurial talents such as risk-taking and innovation.
Investor
Employer
Intrapreneur
Identify what impact intrapreneurship has on economic growth of a country?
Only focusing on profit in a company.
Employment Creation
Identify the correct steps in starting a business.
Determine location, sourcing capital & building a customer base.
Building a customer base, determining a location & sourcing capital
Sourcing Capital, building a customer base & determine location
Sourcing capital, determining location & building a customer base.
Identify which aspect is not a problem for start-up businesses?
Competition
Poor management skills
Creativity
Lack of finance and working capital
Competitive advantage is based on........?
Ensuring the company makes profit.
When a company sells a good or service at a lower price than there competitors.
Ensures a company has capital for resources.
None of the above
Identify which aspect is related to a reward for entrepreneurs?
Sacrificing personal capital
Emotional risk
A flexible schedule
No steady pay checks.
Identify which aspect is related to a risk for an entrepreneur?
A flexible schedule
Creating a career that aligns with your values
Constant growth and development
Trusting employees
Globalization is defined as........................?
Ensuring an entrepreneur has the correct skills needed to run there business.
Process of where different parts of the world interact economically, politically and socially.
Identify one advantages that globalization has on entrepreneurship.
Intellectual property theft
Issues with supply chain
Larger markets
Identify one disadvantage globalization has on entrepreneurship.
Wider talent of employees
New ideas due to cultural diversity
Earnings change
Corruption
Identify two causes of globalization.
Job description and job specifications
Lower tariffs & improved transport
Hard and soft skills
None of the above
