WorksheetsEntrepreneurship Week Review
Total questions: 10
Worksheet time: 3mins
What is the term for a person who starts and runs a new business, taking on financial risks in the hope of profit?
Manager
Entrepreneur
Employee
Investor
Which of the following best defines an employee?
A person who invests in businesses
A person who works for another person or company in exchange for wages or salary
A person who starts their own business
A person who buys products
Which of the following is a key difference between an entrepreneur and an employee?
Entrepreneurs work for a salary, employees do not
Employees take on business risks, entrepreneurs do not
Entrepreneurs start businesses, employees work for businesses
Employees own companies, entrepreneurs do not
What is one main risk that entrepreneurs face compared to employees?
Losing income
Having to follow strict work hours
Not being able to invest money
Receiving regular promotions
Which of the following is a benefit of being an employee rather than an entrepreneur?
Having a guaranteed regular income
Making all business decisions
Taking on all financial risks
Owning the company
Entrepreneurs can make their own schedules.
True
False
Trade-off means giving up one benefit in order to gain another.
True
False
What is the primary goal of entrepreneurship?
To secure a job in a large corporation
To innovate and create new products or services
To invest in the stock market
To become famous
Why do people go into business for themselves?
they want to set their own schedules
they hope to pursue a personal dream
they want to work at home but still earn an income
all are reasons
Positive outcome or advantages that result from a decision or action
benefit
risk
skills
trade-off
