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What is an Entrepreneur?

Total questions: 76

Worksheet time: 43mins

Name
Class
Date
1.

Who are called people who own, operate, and take the risk of a business venture?

a)

entrepreneurs

b)

employees

c)

managers

d)

shareholders

2.

__________ is the process of running a business of one’s own.

a)

Entrepreneurship

b)

Employment

c)

Internship

d)

Partnership

3.

An __________ is a person who works for someone else.

a)

Employee

b)

Employer

c)

Manager

d)

Contractor

4.

According to the passage, what are the qualities or resources needed to become an entrepreneur? Fill in the blanks: All it takes is a ________, some ________ to get started, ________ and ________.

4 lines
5.

Can anyone be an entrepreneur?

a)

True

b)

False

6.

Which is NOT needed to become an entrepreneur?

a)

Good idea

b)

Money

c)

Hard work

d)

Luck

e)

Perseverance

7.

According to the passage, does every community have many entrepreneurs?

4 lines
8.

Fill in the blank: A __________ who opens his own shop is an example of an entrepreneur.

a)

skateboard enthusiast

b)

customer

c)

employee

d)

supplier

9.

A __________ who puts a band together and plays for events is an example of an entrepreneur.

a)

musician

b)

teacher

c)

chef

d)

engineer

10.

A __________ who enjoys cooking and becomes a caterer is an example of an entrepreneur.

a)

homemaker

b)

teacher

c)

engineer

d)

doctor

11.

A __________ who becomes a consultant is an example of an entrepreneur.

a)

retired worker

b)

student

c)

tourist

d)

athlete

12.

Fill in the blank: A __________ who opens a salon is an example of an entrepreneur.

a)

hair stylist

b)

chef

c)

mechanic

d)

teacher

13.

A __________ who opens a fitness center is an example of an entrepreneur.

a)

body builder

b)

chef

c)

teacher

d)

engineer

14.

A __________ who starts a home building company is an example of an entrepreneur.

a)

carpenter

b)

plumber

c)

electrician

d)

painter

15.

A __________ who opens an ice cream parlor is an example of an entrepreneur.

a)

person

b)

building

c)

flavor

d)

machine

16.

A __________ who provides home health visits to elderly persons is an example of an entrepreneur.

a)

nurse

b)

teacher

c)

engineer

d)

chef

17.

A __________ who offers Web design services is an example of an entrepreneur.

a)

student

b)

teacher

c)

doctor

d)

engineer

18.

Who is a local entrepreneur?

a)

Windsor Jewelers

b)

Macy's

c)

Walmart

d)

Target

19.

Who is a local entrepreneur?

a)

Weinberger Furniture

b)

IKEA

c)

Home Depot

d)

Lowe's

20.

Who is a local entrepreneur?

a)

Pete Alewine Pool & Spa

b)

Best Buy

c)

Target

d)

Costco

21.

Who is a local entrepreneur?

a)

Culpepper Lumber

b)

Ace Hardware

c)

Lowe's

d)

Home Depot

22.

Who is a local entrepreneur?

a)

Piedmont Landscaping

b)

TruGreen

c)

Scotts

d)

Orkin

23.

Who is a local entrepreneur?

a)

Wife Saver

b)

KFC

c)

McDonald's

d)

Burger King

24.

Who is a local entrepreneur?

a)

TaxSlayer

b)

H&R Block

c)

TurboTax

d)

Jackson Hewitt

25.

Who invented vulcanized rubber?

a)

Charles Goodyear

b)

Aaron Montgomery Ward

c)

Levi Strauss

d)

George Eastman

26.

Who created the first mail-order catalog in 1872?

a)

Sam Walton

b)

Aaron Montgomery Ward

c)

Henry Ford

d)

Milton Hershey

27.

Levi Strauss is best known for creating ________ in 1873.

a)

Levi's jeans

b)

the sewing machine

c)

the zipper

d)

denim jackets

28.

Who is associated with the Kodak camera in 1888?

a)

George Eastman

b)

Charles Goodyear

c)

Milton Hershey

d)

Sam Walton

29.

When did Henry Ford make his impact as an entrepreneur?

a)

1844

b)

1872

c)

1903

d)

1962

30.

Milton Hershey is known for his contributions to which industry?

a)

Automobiles

b)

Chocolate

c)

Cameras

d)

Clothing

31.

Who founded a company in 1962?

a)

Ford

b)

Hershey

c)

Walmart

d)

Kodak

32.

To be an entrepreneur, you need unique _______ and personal characteristics.

a)

skills

b)

clothes

c)

vehicles

d)

colors

33.

Confidence and _______ are important for entrepreneurs.

a)

capability

b)

luck

c)

wealth

d)

popularity

34.

Understanding of business _______ and management is necessary for entrepreneurs.

a)

operations

b)

colors

c)

vehicles

d)

weather

35.

Which characteristic is shown in the image?

a)

Competitive

b)

Lazy

c)

Dishonest

d)

Shy

36.

Which characteristic is shown in the image?

a)

Creative

b)

Bored

c)

Unreliable

d)

Timid

37.

Which characteristic is shown in the image?

a)

Energetic

b)

Tired

c)

Pessimistic

d)

Indecisive

38.

Which characteristic is shown in the image?

a)

Goal Oriented

b)

Careless

c)

Unmotivated

d)

Distracted

39.

Which characteristic is shown in the image?

a)

Independent

b)

Dependent

c)

Hesitant

d)

Uncertain

40.

Which characteristic is shown in the image?

a)

Inquisitive

b)

Apathetic

c)

Disinterested

d)

Passive

41.

Which characteristic is shown in the image?

a)

Persistent

b)

Quitting

c)

Fickle

d)

Unreliable

42.

Which characteristic is shown in the image?

a)

Reliable

b)

Untrustworthy

c)

Dishonest

d)

Unpredictable

43.

Which characteristic is shown in the image?

a)

Self-confident

b)

Insecure

c)

Doubtful

d)

Timid

44.

Entrepreneurs have the ability to _______.

a)

partner

b)

hibernate

c)

evaporate

d)

hibernate

45.

Entrepreneurs can secure _______.

a)

resources

b)

vacations

c)

toys

d)

recipes

46.

Entrepreneurs can identify _______.

a)

opportunity

b)

danger

c)

weakness

d)

failure

47.

Entrepreneurs can learn from _______.

a)

failure

b)

success only

c)

luck

d)

others' mistakes only

48.

Entrepreneurs have personal _______.

a)

initiative

b)

laziness

c)

indifference

d)

hesitation

49.

Entrepreneurs have _______-solving skills.

a)

problem

b)

money

c)

fashion

d)

music

50.

Entrepreneurs have strong _______.

a)

integrity

b)

laziness

c)

dishonesty

d)

indifference

51.

Entrepreneurs have tolerance for _______.

a)

ambiguity

b)

certainty

c)

routine

d)

stability

52.

Entrepreneurs have willingness to work _______.

a)

hard

b)

slowly

c)

rarely

d)

carelessly

53.

According to the information about entrepreneurial characteristics, if most of your responses are 'Medium' or 'High,' what does it indicate?

a)

You may be a promising entrepreneur.

b)

You may be better suited to working for a company.

c)

You should avoid entrepreneurship.

d)

You should seek more training.

54.

According to the chart 'Employment Growth by Business Size 1990–2009', which business size created the highest percentage of new jobs?

a)

1–19 employees

b)

20–99 employees

c)

100–499 employees

d)

500 or more employees

55.

According to the chart 'Employment Growth by Business Size 1990–2009', what percentage of new jobs were created by businesses with 500 or more employees?

a)

17.4%

b)

27.1%

c)

26.7%

d)

29.0%

56.

Fill in the blank: According to the chart 'Employment Growth by Business Size 1990–2009', businesses with 1–19 employees created ___% of new jobs.

a)

27.1%

b)

15.4%

c)

42.8%

d)

33.6%

57.

Over 82% of new jobs were created by businesses with fewer than 500 employees.

a)

True

b)

False

58.

According to the chart 'Employment Growth by Business Size 1990–2009', what is the source of the data?

a)

U.S. Department of Commerce

b)

U.S. Bureau of Labor Statistics

c)

U.S. Census Bureau

d)

U.S. Department of Employment

59.

According to the information on Financing, most startups begin with how much money or less?

a)

$1,000

b)

$5,000

c)

$10,000

d)

$50,000

60.

According to the information on Financing, what percentage of startup capital comes from owner savings, bank loans, and credit card debt?

a)

25%

b)

50%

c)

75%

d)

100%

61.

Fill in the blank: 75% of startup capital comes from owner savings, ________, and credit card debt.

a)

bank loans

b)

venture capital

c)

crowdfunding

d)

government grants

62.

Which of the following is NOT listed as a source of startup capital in the information on Financing?

a)

Owner savings

b)

Bank loans

c)

Credit card debt

d)

Government grants

63.

According to the information on Financing, what is venture capital?

a)

Money borrowed from friends

b)

Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable

c)

Money saved by the owner

d)

Money from credit card debt

64.

Fill in the blank: Single owner businesses with no staff account for more than $___ billion in annual sales.

a)

990

b)

500

c)

250

d)

1200

65.

Single owner businesses with no staff account for more than half of U.S. GDP.

a)

True

b)

False

66.

What are the sources of financing that entrepreneurs use for their new businesses?

a)

Personal savings, Friends and family, Venture capital, Bank loans.

b)

Government grants, Lottery winnings, Inheritance, Crowdfunding.

c)

Credit cards, Stock market investments, Real estate sales, Donations.

d)

Angel investors, Corporate bonds, Gold loans, Peer-to-peer lending.

67.

What is the definition of Innovation? Innovation is the ______ of new or improved products and services.

a)

creation

b)

destruction

c)

removal

d)

delay

68.

What is the definition of Improvement? Improvement is a designed change that increases the ______ of a product, service, or process.

a)

usefulness

b)

cost

c)

complexity

d)

duration

69.

Which of the following is NOT a characteristic of Creative Problem Solvers?

a)

Improved design

b)

More effective procedure

c)

Greater attention to quality

d)

Decreased attention to quality

70.

Fill in the blank: Creative Problem Solvers focus on ______ design.

a)

improved

b)

random

c)

outdated

d)

inefficient

71.

Fill in the blank: Creative Problem Solvers use more ______ procedures.

a)

effective

b)

random

c)

inefficient

d)

unusual

72.

According to the description of a small business, who is usually the manager?

a)

The owner is usually the manager.

b)

An external consultant is usually the manager.

c)

A government official is usually the manager.

d)

A hired CEO is usually the manager.

73.

According to the description of a small business, how many locations does it typically operate in?

a)

One or very few locations.

b)

Ten or more locations.

c)

Hundreds of locations worldwide.

d)

It operates in every city.

74.

According to the description of a small business, what size market does it typically serve?

a)

A small market.

b)

A global market.

c)

A national market.

d)

A large international market.

75.

According to the description of a small business, is it dominant in its field?

a)

No, it is not dominant in its field.

b)

Yes, it is dominant in its field.

c)

It is always the largest in its field.

d)

It controls the entire market.

76.

According to the SBA, a small business is defined as a firm with less than how many employees?

a)

500 employees.

b)

100 employees.

c)

1,000 employees.

d)

50 employees.

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