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Entrepreneurs

Total questions: 35

Worksheet time: 35mins

Name
Class
Date
1.

What is an entrepreneur?

a)

Someone who has set up their own business

b)

Someone who is employed

c)

Someone who doesn't work

d)

Someone who works from home

2.

What challenges does an entrepreneur have?

a)

all of the above

b)

drive

c)

responsibility

d)

money

3.

True or False. Only adults can be entrepreneurs. Kids are too young.

a)

True

b)

False

4.

Select all the examples of ways kids can be entrepreneurs (There is more than one answer).

a)

Starting a lemonade stand

b)

Starting a dog walking service

c)

Creating and selling homemade jewelry

d)

Creating and selling a "How To" guide of your favorite video game

5.

What entrepreneur qualities do YOU need ?

a)

Determination

b)

Self-discipline

c)

Team-working skills

d)

All of the above

6.

Most of the people who does business have this with them. What is it called?

a)

Candy Store Board

b)

Party Invitation

c)

Business Card

d)

Business License

7.

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.

8.

Advertisements can be done through

a)

videos, radios and posters

b)

internet only

c)

shouting out loud to passerby

d)

store boards only

9.

Which of these is NOT a skill of an entrepreneur?

a)

Creativity

b)

Sleeping

c)

Interpersonal Skills

d)

Organization

10.

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.

11.

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

12.

Looking at new ways of doing things, developing solutions to problems is what characteristic?

a)

Goal-Oriented

b)

Creative

c)

Responsible

d)

Independent

13.

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

14.

Not afraid to do new things is what characteristic?

a)

Problem-solving & Decision-making Skills

b)

Independent

c)

Human Relations Skills

d)

Risk Taker

15.

Not giving up and keep trying is what characteristic?

a)

Persistent

b)

Creative

c)

Self-Confident

d)

Responsible

16.

Resourcing is when the entrepreneur finds resources like capital, people, and equipment to start the business.

a)

True

b)

Fasle

17.

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

a)

cash

b)

capital

c)

profit

d)

resource

18.
Who started Wendys?
a)
Dave Andrews
b)
Dave Gates
c)
Dave Miller
d)
Dave Thomas
19.
Who started McDonalds?
a)
Ronald McDonald
b)
Raymond McDonald
c)
Ray Kroc
d)
Ray Arches
20.

The writer of the best selling books of all time 'Harry Potter?'

a)

JK Rowling

b)

Steven King

c)

George Orwel

d)

Margaret Atwood

21.

Facebook founder worth over $61 billion and takes a salary of only $1?

a)

Jennifer Lopez

b)

Mark Zuckerberg

c)

James Packer

d)

Donald Trump

22.

Who is the founder of Microsoft?

a)

Oprah Winfrey

b)

Bill Gates

c)

Elle McPherson

d)

Steve Jobs

23.

At what age can you become an entrepreneur?

a)

20

b)

18

c)

50+

d)

any age

24.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
25.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
26.
ALL entrepreneurs have a college degree.
a)
True
b)
False
27.

How do MANY people become millionaires?

a)

They save aggressively, avoid debt, and invest their money.

b)

They win the lottery.

c)

The inherit it from family.

d)

They avoid the stock market.

28.

Entrepreneurs have to find their own health insurance and plan for retirement.

a)

True

b)

False

29.

Entrepreneurs do not pay taxes to the IRS.

a)

True

b)

False

30.

Which is a common characteristic of an entrepreneur?

a)

organized

b)

vindictive

c)

impressionable

d)

irresponsible

31.
When setting the prices of goods or services, business owners must consider the prices charged by competitors.
a)
True
b)
False
32.

The creativity of entrepreneurs has led to technological change and increased productivity.

a)

True

b)

False

33.

An entrepreneur can expect to earn large profits immediately after starting a business.

a)

True

b)

False

34.

A target market is

a)

a group of investors willing to put capital into a business

b)

a generational group of individuals

c)

a group of consumers at which a product/service is aimed

d)

an industry willing to sell and market your product

35.
A new or different product
a)
Harvesting
b)
Innovation
c)
Opportunity
d)
Risk