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Gmetrix Entrepreneurship: Contract - Hourly Pay

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

An agreement between an employee and a company outlining obligations and terms of employment.

a)

Contract

b)

COO

c)

Copyright

d)

Critical Thinking

2.

The Chief Operating Officer (COO) holds a leadership role within a business. The COO is responsible for overseeing the day-to-day administrative and operational functions of a business.

a)

Customer Acquisition Cost

b)

Entrepreneur

c)

Contract

d)

COO

3.

A form of protection individuals can implement to protect their intellectual property. Copyright is designated for print, music, film, and various other forms of creative licenses.

a)

Crowdfunding

b)

Chamber of Commerce

c)

Equity

d)

Copyright

4.

Using one's mind to solve a problem in the best way by considering various potential solutions to the problem.

a)

Employee

b)

Critical Thinking

c)

Customer Acquisition Cost

d)

Crowdfunding

5.

The method of sharing a start-up business online to pre-sell products.


a)

Crowdfunding

b)

Copyright

c)

Distribution Channel

d)

Franchise

6.

An individual or business that purchases goods and services from a business.

a)

Contract

b)

Customer

c)

Customer Retention

d)

Grit

7.

The total cost of acquiring a new customer.

a)

Customer Acquisition Cost

b)

Ethical Practices

c)

Distribution Channel

d)

Employee

8.

Activities or strategies employed by a business to retain existing customers.


a)

Forward-Thinking Mentality

b)

Fixed Costs

c)

Franchise

d)

Customer Retention

9.

A local agency with information on participating local businesses.

a)

Contract

b)

Chamber of Commerce

c)

Crowdfunding

d)

Fixed Costs

10.

Statistical data that refers to particular groups within a population.

a)

Demographics

b)

Employee

c)

Copyright

d)

Founder

11.

A method used to get a product from the manufacturer to the end-users.


a)

Critical Thinking

b)

Distribution Channel

c)

Equity

d)

Customer Retention

12.

An individual hired by a company and compensated for their work.

a)

Employee

b)

Distribution Channel

c)

Entrepreneur

d)

Contract

13.

An individual who aspires to start and run a successful business.

a)

Demographics

b)

Customer

c)

Employee

d)

Entrepreneur


14.

Non-cash compensations offered to employees in place of or in addition to a lower salary.

a)

Chamber of Commerce

b)

Equity

c)

Contract

d)

Distribution Channel

15.

Standards of professional conduct professionals should uphold.

a)

Grit

b)

Franchise

c)

Forward-Thinking Mentality

d)

Ethical Practices

16.

The person that developed or created a company or organization.

a)

Founder

b)

Employee

c)

Customer

d)

Franchise

17.

A business that takes its name and characteristics from an existing business chain.

a)

Growth Mindset

b)

Income Statement

c)

Franchise

d)

Innovation

18.

The characteristic of being able to tackle goals with courage and perseverance.

a)

Fixed Costs

b)

Growth Mindset

c)

Ethical Practices

d)

Grit

19.

Believing that one can accomplish anything with hard work.

a)

Grit

b)

Growth Mindset

c)

Forward-Thinking Mentality

d)

Entrepreneur

20.

A payment amount provided to employees for the number of hours they worked.

a)

Hourly Pay

b)

Equity

c)

Entrepreneur

d)

Demographics