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WorksheetsExploring Entrepreneurship Basics
Total questions: 20
Worksheet time: 10mins
What is an entrepreneur?
Someone who works for a company
Someone who starts their own business
Someone who only buys products
Someone who teaches at school
Which of the following is a quality often found in successful entrepreneurs?
Laziness
Creativity
Dishonesty
Fearfulness
What is the main aim of entrepreneurship?
To copy others
To create something new or solve a problem
To avoid work
To travel the world
Which of these is an example of a product an entrepreneur might create?
A new type of mobile phone case
A maths equation
A school timetable
A weather report
What is a business plan?
A list of friends
A plan for how a business will work and make money
A map of the city
A recipe for cake
Which of the following is NOT a risk for entrepreneurs?
Losing money
Gaining new skills
Business failing
Facing competition
What do we call the money used to start a business?
Capital
Homework
Recipe
Luggage
Which of these is a famous British entrepreneur?
David Beckham
Richard Branson
William Shakespeare
Isaac Newton
Why is teamwork important in entrepreneurship?
It makes work boring
It helps share ideas and skills
It wastes time
It is not important at all
What is a 'profit' in business?
The amount of money lost
The amount of money made after costs are paid
The number of products sold
The number of employees
Which of these is an example of a service an entrepreneur might offer?
Selling lemonade at a stand
Writing a story for homework
Drawing a picture for fun
Playing football in the park
What does 'innovation' mean in entrepreneurship?
Doing the same thing as everyone else
Creating new ideas or products
Ignoring customers
Closing a business
Which of these is a reason someone might become an entrepreneur?
To avoid learning new things
To be their own boss
To never work again
To copy others
What is a 'customer'?
Someone who makes products
Someone who buys products or services
Someone who delivers post
Someone who teaches maths
Which of these is a risk of starting a business?
Making lots of friends
Losing your investment
Getting a new pet
Learning to ride a bicycle
What is the meaning of 'market' in business?
A place where people buy and sell goods or services
A type of fruit
A maths problem
A school subject
Which of these is a good way for an entrepreneur to find out what customers want?
Guessing
Asking customers for feedback
Ignoring everyone
Doing nothing
What is 'advertising'?
Telling people about your product or service
Keeping your business a secret
Only selling to friends
Writing a diary
Which of these is an example of a business expense?
Buying materials to make products
Playing video games
Reading a book
Walking the dog
If an entrepreneur sells 10 cakes for £2 each, how much money do they make in total?
£5
£10
£20
£25
