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WorksheetsENTREPRENEURSHIP REVIEW TEST
Total questions: 40
Worksheet time: 31mins
As an entrepreneur, you can do work by staying at home.
You can be who you are.
You cannot lose your job.
You can work anytime, anywhere.
You can make a difference.
Entrepreneurs can also lose their job, just like a regular employee would in an organization.
TRUE
FALSE
This is an example of a:
Place
Price
Product
Promotion
Entrepreneurs like to take pride in what they do, and they want to have some sense of owning something they have done themselves.
TRUE
FALSE
1. The amount of money spent to start the business
Products
Capital
Profit
What kind of product is this?
goods
services
ideas
What company did Steve Jobs found?
Walmart
iPad
Apple
Working together cohesively to achieve a common goal is
teamwork
attitude
attendance
punctuality
You can get fired if you are absent from work too often.
True
False
Your boss wants you to show initiative.
True
False
What is another word for costs?
Revenue
Expenses
Budget
The money gained from the sales after expenses are paid is:
Profit
Expenses
Costs
Revenue
A document that lays out the details for how to focus marketing efforts.
Marketing Idea
Marketing Plan
Marketing Document
People who are responsible for setting goals and planning for the future. They have titles like president, vice president, chief executive officer (CEO). Top-level managers usually consist of a small group of people or even one person.
Top-level (Upper) Management
Middle-level Management
First-line (Supervisory) Manager
Deciding how you will get the work done to accomplish the goals.
Planning/Staffing
Controlling
Leading
Organizing
A sum of money paid to shareholders of a corporation out of its earnings
Index
Profit
Invest
Dividend
A holder or owner of stock in a company or corporation.
(a)
someone who buys a good or service
marginal costs
cost analysis
customer
consumer
the amount of a good or service that consumers are willing and able to buy over a range of prices
demand
want
cost
marginal costs
the combination of all fixed and variable costs
minor costs
total costs
major costs
additional costs
an expense that changes depending on how much a business produces
less costs
fixed costs
more costs
variable costs
an expense that does not change no matter how much a business produces
costs a little
costs a lot
varied costs
fixed costs
the cost of the next-best use of time and money when choosing to do one thing or another
Bengals
good opportunity
the cost of a choice
opportunity cost
desire individuals and nations have that can be met by getting a good or a service
want
service
need
rationale
What does the A in SMART stand for?
Attainable - a goal must be reachable; you CAN do it.
Admirable - a goal must impress people.
Artistic - a goal must be creative.
Academic - a goal must be scholarly and oriented towards learning.
I am going to run 13 miles.
To define or develop you goals you should ask yourself what questions?
What are my dreams for the future?
What are my goals for the future?
a. What do I want to get out of my high school experience?
All of the above
When is it the right time to set goals?
After 12th grade
Now
Next week
goals don't matter
What characteristics must an entrepreneur possess. (There may be more than one correct answer.)
Persistent
Inquisitive
Goal-oriented
Powerful
The entrepreneurial process is...?
How an entrepreneur turns their idea into a business
The process of applying for a loan
The formal name of closing a business
Teaching a younger person a trade
Which of the following are examples of class policies?
No phones allowed
Be on time
Fill out an incident report if someone falls
Call 911 if someone falls
The ability to plan the future with wisdom/imagination
Mission
Vision
Something that can be offered to a market that might satisfy a want or need
Product
Resources
