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WorksheetsEntrepreneurship Class Project Quiz
Total questions: 25
Worksheet time: 14mins
What is the first step in the project described in the entrepreneurship class?
Conducting market research
Developing a business plan
Deciding on a business idea based on the demographics of the city
Choosing the type of business to start
What type of business did one student decide to start?
A computer repair business
A retail store
A franchise
A service business
What was a common reason students chose not to start a business immediately?
Lack of interest
High risk
Need to save money or time
Market saturation
What did most students conclude about starting a business at the end of the project?
It would be easy and not require much effort
It would be complicated and require a lot of sacrifice
It would not be worth the effort in the long run
The government should own all businesses
The process of starting a new business is known as:
Diversification
Entrepreneurship
Liquidation
Amortization
Which of the following best defines entrepreneurship?
The process of purchasing stocks and bonds
The act of managing and organizing any enterprise, especially a business, usually with considerable initiative and risk
The practice of being employed by a large corporation
The activity of working for the government
The primary reason for a business to pursue entrepreneurship is to:
Avoid taxes
Create new markets or products
Follow government regulations
Reduce the number of employees
Who can be an entrepreneur?
Only the wealthy
People with a college degree
People over the age of
Anyone
Bradley decides to open his own auto repair business. He sets his own hours and makes sure he completes each job for his customers on time. This shows that he is ________.
creative
inquisitive
Independent
risk taker
What is an entrepreneur?
Someone who has set up their own business
Someone who is employed
Someone who doesn't work
Someone who works from home
How many dads does Po has?
1
2
3
4
Which of the following is NOT a characteristic of an entrepreneur?
Risk-taking
Innovation
Dependency
Vision
Which of the following is NOT a step in the entrepreneurial process?
Idea generation
Market research
Financing
Avoiding risks
Which is an entrepreneur?
a woman who designs and makes her own line of clothing and sells them to her friends
a corporate Vice President of human relations
a parking lot attendant
a state government official
Which of the following best describes a venture capitalist?
An entrepreneur who starts a chain of businesses
A government official who regulates new businesses
An investor who provides capital to startup companies with high growth potential
A consultant who advises businesses on how to cut costs
What is the primary goal of entrepreneurship?
To secure a job in a large corporation
To innovate and create new products or services
To invest in the stock market
To become famous
A marketing strategy that focuses on using a business’s strengths to overcome its threats
S-T Strategy
S-O Strategy
W-O Strategy
W-T Strategy
Which is an entrepreneur?
a manager of the largest retail store in town
the retailstore clerk
an adult who opened a mobile car detailing van
the adult who manages a store
Which of the following statements describe an entrepreneur? Check all that apply.
commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market.
an individual who creates a new business, bearing most of the risks and enjoying most of the rewards
a person who works for someone else
Select all that apply: Entrepreneurial opportunities can be described as:
i. Customer-driven solutions to a problem or need
ii. A product in search of a market
iii. Could turn into a profitable venture
iv. An idea with a plan
v. An existing product with low market reach
i, iii, iv
i, iii, v
i, ii, iv
All of the options
Which is an entrepreneur?
a manager of the biggest chain grocery store in town
a bank CEO who started out as a teller 30 years ago
an adult who started cutting grass as a pre-teen and now runs a gardening business with a sibling
a convenience store clerk
What can you do to make your idea better? Check all that apply.
Listen to what your friends say about the business you want to go into
Change your idea slightly to possibly gain more customers
My idea is already perfect, why does it need changing?
Create goals based on doing things better than other companies like you
Which is an entrepreneur?
the 12 year old with a snow cone stand at the end of the driveway
the government official
the waiter at the local restaraunt
the convenience store clerk
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