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WorksheetsEntrepreneurship Class 2
Total questions: 13
Worksheet time: 7mins
What is the primary motivation for an entrepreneur?
Passion for their idea
Job security
Desire for power
Financial stability
The economic importance of an entrepreneur
to create job opportunities
to create a positive image for a business
to attend workshops and seminars
to sell products on credit
Personal resources of a successful entrepreneur
Building
Recognition
Funds
Technology
To avoid pitfalls in a small business...
allow customers to buy on credit
over invest in fixed assets
manage people effectively
be confident
New products never created before are...
innovations
inventions
patents
creativity
An entrepreneur who is not planning to apply for a bank loan does not need a business plan
TRUE
FALSE
An entrepreneur is a person who creates anew business and bears the risk of losing that business
TRUE
FALSE
People who owe you money are creditors
TRUE
FALSE
Reasons why entrepreneurs fail (Indicate the incorrect reason)
Lack of profits
Customer credit
Management incompetence
Unlimited profits
Failure to plan
An Intrapreneur creates a new business in the face of risk
TRUE
FALSE
1. Knowledge and Skills 2. Contacts and friends 3. Finance
Personal traits of entrepreneur
Personal resources of entrepreneur
Characteristics of entrepreneur
Possible pitfalls of entrepreneur
economy where supply and demand determine price, production, labour and distribution
Mixed economy
Command economy
Free market system
Socialistic economy
Capitalistic economy
Climate change, Greenhouse gas emissions, Preserving biodiversity
Economic issues
Social challenges
Environmental challenges
Innovation challenges
