WorksheetsJunior Achievment
Total questions: 24
Worksheet time: 20mins
The process of starting a new business is known as:
Diversification
Entrepreneurship
Liquidation
Amortization
buildings, tools, and machines that businesses use
human resources
capital resources
revenue
supply
the amount charged for a good or service
profit
customer
price
business
what is gained from making a decision
advertising
supply chain
loss
reward
people who do the work that businesses need
natural resources
customer
human resources
entrepreneur
work done for others, such as haircuts or car repairs
services
supply chain
region
goods
persuading customers to buy a good or service
resource
business
risk
advertising
any geographic area, place, or space
region
revenue
natural resources
supply chain
a person who uses resources to start a business
customer
human resources
entrepreneur
profit
money spent for something
profit
expense
risk
loss
the chance of loss or failure
profit
supply
business
risk
The amount of a good or service that is available for sale
resource
revenue
services
supply
an organization that makes a product or performs a service that is sold to people
business
natural resources
supply
supply chain
items that can be bought or sold
profit
goods
reward
supply
a person who buys something
customer
entrepreneur
human resources
goods
things that occur naturally, such as air, water, minerals, and trees
capital resources
human resources
supply
natural resources
The system of changing resources into goods or services and getting them to the buyer
region
resource
supply
supply chain
when a business pays more in expenses than it makes in sales
profit
revenue
reward
loss
when a business makes more money in sales than it spends on expenses
profit
region
revenue
risk
Money earned from sales
resource
revenue
reward
risk
something that is used to produce a good or service.
reward
resource
services
supply
Select THREE (3) character traits that you believe are most important to be a successful entrepreneur.
Describe ONE (1) problem a business could face if it wanted to work with bigger cities or countries around the world.
Name ONE (1) risk that could cause a business to lose money and ONE (1) suggestion on how to fix the problem.
