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Entrepreneur

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

An American business woman and founder of Mary Kay cosmetics.

a)

Henry Ford

b)

Mary Kay Ash

c)

Wallace Amos

d)

Milton Hershey

2.

Created his own company known for its chocolate bars

a)

Mary Kay Ash

b)

Wallace Amos

c)

Milton Hershey

d)

Sam Walton

3.

Began his own chain of stores called Wal-Mart Discount City with American suppliers, later known as "Wal-Mart."

a)

Henry Ford

b)

Wallace Amos

c)

Milton Hershey

d)

Sam Walton

4.

Created the Model T Ford in 1908, the first car

a)

Henry Ford

b)

Mary Kay Ash

c)

Milton Hershey

d)

Sam Walton

5.

True or False: Mary Kay Ash's goal was to have women fail at business.

a)

True

b)

False

6.

Who starts a business?

a)

inventor

b)

congressman

c)

president

d)

entrepreneur

7.

If you are an entrepreneur, you will

a)

take a risk

b)

spend all of your savings

c)

borrow from investors

d)

alll of the above

8.

What is the primary role of an entrepreneur in the economy?

a)

To create new products and services

b)

To enforce laws and regulations

c)

To manage public funds

d)

To educate the workforce

9.

Which of the following is a characteristic of a successful entrepreneur?

a)

Risk aversion

b)

Inflexibility

c)

Innovativeness

d)

Dependence on others

10.

Which of the following best describes an entrepreneur's contribution to society?

a)

Maintaining the status quo

b)

Creating jobs and opportunities

c)

Increasing government control

d)

Reducing competition

11.

What is a common challenge faced by entrepreneurs?

a)

Guaranteed profits

b)

Unlimited resources

c)

Market competition

d)

Lack of creativity

12.

Which of the following is a key motivation for entrepreneurs?

a)

Desire for stability

b)

Fear of failure

c)

Passion for their idea

d)

Avoidance of responsibility

13.

How do entrepreneurs typically fund their startups?

a)

Through personal savings and investments

b)

By relying solely on government grants

c)

By using only credit cards

d)

By avoiding any financial risk

14.

What is a social entrepreneur primarily focused on?

a)

Maximizing personal wealth

b)

Solving social problems

c)

Competing with large corporations

d)

Avoiding taxes

15.

Which of the following is an example of entrepreneurial innovation?

a)

Opening a new branch of a fast-food chain

b)

Inventing a new technology

c)

Following traditional business models

d)

Copying a competitor's product