Worksheets6th Grade-Chapter 21 African Women Entrepreneurs
Total questions: 11
Worksheet time: 6mins
What is the term used to describe a small business owned and operated by a single individual, often in the informal sector?
Corporation
Microenterprise
Franchise
Partnership
Which of the following best describes the role of microfinance in supporting micro-entrepreneurs?
Providing large loans for business expansion
Offering small loans and financial services to low-income individuals
Investing in large corporations
Offering free business consultancy services
What is the primary goal of a micro-entrepreneur?
To become a multinational corporation
To provide employment to thousands of people
To earn a sustainable income for themselves and their families
To dominate the global market
What is the term for the money that is borrowed and must be repaid, often used by micro-entrepreneurs to start or grow their businesses?
Equity
Loan
Grant
Revenue
Which of the following is a common challenge faced by African women micro-entrepreneurs?
Excessive government support
Lack of access to capital
Overabundance of skilled labor
Too many customers
What is the term for the process of creating new products or methods that improve efficiency or solve problems?
Innovation
Imitation
Stagnation
Regulation
Which of the following best describes a cooperative?
A business owned by a single individual
A business owned and operated by a group of people for their mutual benefit
A government-run enterprise
A non-profit organization
What is the definition of an informal economy?
the part of the economy that does not wear formal attire (dressy clothes) to work in.
the part of the economy that uses words like "slay", "bruh", and "skibidi"
the part of the economy in which good and services are exchanged outside of government control.
exchange of goods and services without the exchange of money.
Which of the following is a benefit of micro-entrepreneurship for local communities?
Decreased local employment
Increased local economic activity
Higher taxes for small businesses
Reduced competition
What is the term for the financial gain made in a transaction, calculated as the difference between the amount earned and the amount spent?
Revenue
Profit
Loss
Expense
What is gender-based division of labor?
The equal distribution of work between men and women
The allocation of different tasks or jobs to men and women based on societal norms
The division of labor based on age
The division of labor based on skill level
