WorksheetsEntrepreneurship In Education
Total questions: 25
Worksheet time: 14mins
A target market is
a group of investors willing to put capital into a business
a generational group of individuals
a group of consumers at which a product/service is aimed
an industry willing to sell and market your product
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
What does the term "boot-strapping" refer to?
Strapped with maximum amount of debt to start a business
Tying yourself to a business partner to fund a venture
Self-funding a business or project
Starting a business with very few assets
This round of funding helps a company add a few employees & launch an early product.
Seed Funding
Series A Funding
Series B Funding
Series C Funding
This famous innovator & entrepreneur was a scientist, printer, inventor, author, & businessman.
John D. Rockefeller
Benjamin Franklin
Thomas Edison
Henry Ford
The process of creating something new that makes life better is called...
Technology
Innovation
Brand recognition
Creativity
A venture capitalist is
The co-founder of a successful startup
The net worth of a company
A manager of a business's investment, aligning with goals
An investor in a business providing capital for startup
What is the difference between a startup and a small business?
Startups intend to grow larger compared to a small business
Startups have been in business longer
Small businesses have multiple locations, startups do not
A small business has more employees than a startup
Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals.
CREATIVE
COMMITMENT
CURIOSITY
PASSION
Case: Sarah is a high school student with a passion for baking. She has been experimenting with various recipes and has received positive feedback from friends and family about her delicious cupcakes. Encouraged by the response, Sarah decides to start her own baking business from home during her summer break.
Which entrepreneurial trait is demonstrated by Sarah's decision to start her own baking business?
Risk-taking
Proactiveness
Creativity
Flexibility
What are the four P's of marketing
product, produce, production, price
person, place, produce, practice
promotion, product, practice, price
promotion, place, price, product
The right or license granted by a company to an individual or group to market its products or services in a specific territory
Partnership
Corporation
Franchise
Sole Proprietorship
Limited Liability Company
Which technique of generating business ideas involves the screening of large amount of information?
Brainstorming
Focus Groups
Environment Scanning
Market Research
Why are Entrepreneurs important?
An important money maker
An important engine of growth in the economy
An important business model
An important way to increase traffic
What is limited liability?
The owner is responsible for business debts and personal assets are at risk
The owner is personally responsible for all business debts
The owner is not responsible for any business debts
The owner is only responsible for a portion of the business debts
The ability to think about or plan the future with imagination or wisdom.
Vision
Mission
Goal
Objectives
Father of Entrepreneurship
Joseph Alois Schumpetar
Joseph Schumpetter
Joseph Alois Schumpeter
Josep Alois Schumpeter
.........................is the ability of an individual or a group of people to influence and guide followers or members of an organization, society, or team.
Entrepreneur
Leadership
Businessman
Leader
Allan is a entrepreneur with lucrative and innovative ideas which he adopts and implement in his profitable business that eventually grow quickly into a hugely profitable company in just a short period of time.
What type of Entrepreneurship was showcase in the scenario
Small Business Entrepreneurship
Large Business Entrepreneurship
Scalable Startup Entrepreneurship
Social Entrepreneurship
Maria is an entrepreneur with innovative idea to render her service for potential solution to solve community problem.
What type of Entrepreneurship was showcase in the scenario.
Social Entrepreneurship
Small Business Entrepreneur
Large Business Entrepreneurship
Sole Proprietorship
Successful entrepreneur takes calculated ________ .
work
risks
time
Confidence
