WorksheetsENT Lesson 2 & 3 Test Prep
Total questions: 26
Worksheet time: 19mins
Select an answer from the options below.
contract workers and revenue-focused
finance and large companies
accounting and workshops
competition and maker space
Select an answer from the options below.
an entrepreneur who works for a company
an intrapreneur who works from home
a person who starts a business and runs it by themselves
an entrepreneur who bootstraps
Advancements in technology occur everyday, which allows some entrepreneurs to run their businesses:
with less regulation.
nearly entirely from their laptop computers.
with a store front.
with no computer skills.
A labor market involving temporary, flexible, freelance jobs, often using technology to connect workers with those who are hiring, is called:
small business owner
gig economy
contract worker
solopreneur
An employee who is hired for a specific job at a specific rate of pay, but is not considered a permanent employee, is called:
a solopreneur
an intrapreneur
a tax deduction
a contract employee
These are one-person operations, where someone starts and runs the business by themselves, with no additional partners or staff.
solopreneur
small-business owner
a tax deduction
an intrapreneur
Which is a barrier to entrepreneurial success?
taking too much risk
taking too little risk
insufficient innovation
All
Which is a barrier to entrepreneurial success?
poor cash flow management
lack of math acumen
ineffective management of priorities
All
Successful entrepreneurs are enthusiastic about their work; they do it for the love of the journey; they are _______________ about what they are doing and why they are doing it.
concerned
passionate
hesitant
nervous
Risk Averse means:
you are generally reluctant to take risks
you are generally open to taking risk
you are for borrowing a lot of money
you don’t understand what risk is
A common myth of what it takes to be an entrepreneur is:
“all I need is money to get started”
“I need a certain type of experience”
“entrepreneurs are born”
All
One barrier to small business/entrepreneurial success is:
lack of capital funding
less regulation
less competition
more math acumen
These external factors can impact entrepreneurial growth: 1)__________, 2) Racial, 3) Social, 4) Political, and 5) Psychological
Manufacturing
Economic
Corporate
Managerial
In some parts of the world, pursuing an opportunity around a new innovation can be difficult and less accepted based on social and/or ___________factors.
pitch deck
marketing
political
accounting
An employee who is hired for a specific job at a specific rate of pay; a contract employee is not considered a permanent employee.
(a)
A labor market involving temporary, flexible, freelance jobs, often using technology to connect workers with those who are hiring.
(a)
A company that is operated out of someone's residence.
(a)
An individual who is their own boss.
(a)
An person who owns a small business.
(a)
These are one-person operations, where someone starts and runs the business by themselves, with no additional partners or staff.
(a)
An amount that reduces a business's revenue, or individual’s income, which in turn reduces the taxes owed.
(a)
Key metrics and measures that highlight the health of the business.
(a)
When companies offer essentially the same product or service, i.e. Coke and Pepsi, Ford and GM.
(a)
When products or services are not the same, but they could satisfy the same need, i.e. bicycles are indirect competition to automobiles.
(a)
One who is generally reluctant to take risks.
(a)
One who is generally open to accept taking risks.
(a)
