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WorksheetsUnit 4: Entrepreneurship Vocabulary
Total questions: 20
Worksheet time: 10mins
Who is an entrepreneur?
A person who works for a large corporation
A person who starts and manages a business, taking on financial risks for profit
An employee with no decision-making authority
A customer who frequently buys new products
What is innovation?
Copying an existing product
Selling outdated technology
The process of creating new products, services, or ideas that provide value
Importing goods from another country
A start-up is:
A large corporation with many years of experience
A newly established business in its early stages
A franchise owned by a global brand
A non-profit organization
What is a business plan?
A document outlining company goals and strategies
A list of daily tasks for employees
A guide to managing customer complaints
A company's annual sales report
Market research involves:
Predicting future stock prices
Gathering and analyzing information about potential customers and competitors
Developing marketing slogans
Designing the company logo
What is a target market?
The entire global population
A group of consumers at which a product or service is aimed
Any customer who visits your store
Your friends and family
A value proposition is:
The total amount a product costs to produce
A statement of the benefits a company's product provides to customers
The location of your business
A list of company expenses
Revenue refers to:
The total amount of money generated by a business from sales
The profit left after all expenses are deducted
The cost of marketing and advertising
Employee salaries
Profit margin measures:
The percentage of revenue that exceeds the costs of production
The total number of products sold
The company's total debts
The cost of employee benefits
What is capital in business terms?
The financial resources used to fund operations and growth
The number of products a company has in stock
The location of the company’s headquarters
The wages paid to employees
Crowdfunding is:
Raising small amounts of money from a large number of people, usually online
Borrowing money from banks
Selling shares to private investors
Using personal savings to fund a business
An angel investor is:
A government agency that funds start-ups
An individual who provides financial backing to start-ups or entrepreneurs
A person who buys company shares in the stock market
A customer who frequently purchases products
Liability in business means:
The ability to attract investors
Legal financial debts or obligations a company owes
The amount of profit earned annually
The company’s marketing strategy
A sole proprietorship is:
A business owned by multiple partners
A legal entity with multiple shareholders
A business owned and run by one person
A non-profit organization
What is a partnership?
A business owned by a single individual
A corporation with multiple shareholders
A business owned by two or more people who share profits, losses, and liabilities
A government-run organization
A corporation is:
A type of business that exists independently of its owners, offering limited liability
A small, family-owned business
A one-person operation with full personal liability
A business that operates without profit
What is an S-Corporation?
A company that does not pay any taxes
A corporation that passes income, losses, and deductions to shareholders for tax purposes
A large multinational company
A non-profit educational institution
Which business is owned and operated for the benefit of its members?
Sole Proprietorship
Limited Liability Company (LLC)
Cooperative
Corporation
Nonprofit organizations are:
Focused on generating high profits for owners
Businesses that operate for charitable, educational, or social purposes, not for profit
Government-owned companies
Private investment firms
A business pitch is:
A detailed business plan for the next 10 years
A presentation where an entrepreneur outlines their business idea to secure funding or support
A legal document for registering a business
The day-to-day operations manual of a company
