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Entrepreneurship Open Binder Test

Total questions: 60

Worksheet time: 45mins

Name
Class
Date
1.

A business pitch is ___ (Example: Shark Tank)

a)

a presentation of a business idea to someone or a group of people who can help turn your idea into a reality

b)

a type of financial statement used by companies

c)

a legal document required to start a business

d)

a marketing slogan for a new product

2.

Entrepreneur - Someone who ______ and/or ______ their own ______.

a)

creates, runs, business

b)

buys, sells, company

c)

manages, closes, shop

d)

invests, borrows, money

3.

Entrepreneurial Mindset: A blend of ______, ______, and ______, that describe how successful entrepreneurs think and act.

a)

characteristics, attitudes, skills

b)

resources, opportunities, risks

c)

products, markets, profits

d)

ideas, investments, returns

4.

Skill: An ability that is learned through ______ and ______.

a)

training, practice

b)

luck, chance

c)

guessing, hoping

d)

rest, relaxation

5.

Common Traits of Entrepreneurs: Work from ______.

a)

home

b)

school

c)

office

d)

park

6.

Common Traits of Entrepreneurs: Invest their own ______.

a)

money

b)

time

c)

energy

d)

ideas

7.

Common Traits of Entrepreneurs: ______.

a)

Education

b)

Laziness

c)

Indifference

d)

Procrastination

8.

Common Traits of Entrepreneurs: People of all ______ and ______.

a)

ages, nationalities

b)

genders, heights

c)

cities, hobbies

d)

colors, shapes

9.

Common Traits of Entrepreneurs: Hard ______.

a)

work

b)

luck

c)

rest

d)

play

10.

Personal Characteristics of Entrepreneurs: Courage, ______, Curiosity, ______, Discipline, ______, Enthusiasm, ______, Honesty, ______, Responsibility.

a)

Creativity, Determination, Empathy, Flexibility, Patience

b)

Ambition, Laziness, Indifference, Rigidity, Impulsiveness

c)

Creativity, Stubbornness, Empathy, Inflexibility, Impatience

d)

Creativity, Determination, Apathy, Flexibility, Impatience

11.

______ skills are essential for entrepreneurs to collaborate with customers and understand their wants and needs.

a)

Communication

b)

Mathematics

c)

Cooking

d)

Dancing

12.

______ skills help entrepreneurs manage their business more effectively by accessing resources, keeping financial records, etc.

a)

Computer

b)

Cooking

c)

Dancing

d)

Driving

13.

Decision Making and ______ ______ skills help entrepreneurs think through issues that come up in their business.

a)

problem solving

b)

communication

c)

leadership

d)

analytical

14.

______ skills are important to managing the financial side of entrepreneurship.

a)

mathematical

b)

cooking

c)

dancing

d)

singing

15.

______ skills are important skills to have in entrepreneurship.

a)

organization

b)

cooking

c)

dancing

d)

painting

16.

______ skills are important in entrepreneurship.

a)

people

b)

animal

c)

object

d)

machine

17.

Math Skills are entrepreneurial _________

a)

Skills

b)

Books

c)

Games

d)

Movies

18.

People Skills are important entrepreneurial_________?

a)

Skills

b)

Objects

c)

Places

d)

Numbers

19.

Problem-Solving Skills are _________

a)

Skills

b)

Problems

c)

Questions

d)

Answers

20.

Critical Thinking and Problem Solving is an _________

a)

Entrepreneurial Mindset

b)

Academic Subject

c)

Physical Activity

d)

Leisure Hobby

21.

Comfort with Risk is an _________

a)

Entrepreneurial Mindset

b)

Accounting Principle

c)

Legal Obligation

d)

Financial Statement

22.

What percentage of the grade is based on classwork, homework, and participation?

a)

50%

b)

60%

c)

70%

d)

40%

23.

Which of the following is NOT listed as a major entrepreneurship topic on the class syllabus?

a)

Profit Planning

b)

Business Marketing and Sales

c)

Advanced Coding

d)

Tracking Your Business

24.

Where will the Kidpreneur Expo take place?

a)

At the student's home

b)

At St. Philip's School and Community Center

c)

Online only

d)

At the local library

25.

Which item is required to bring to class?

a)

Blue class binder

b)

Highlighter

c)

Calculator

d)

Notebook only

26.

The teacher will respond to emails within 72 hours.

a)

True

b)

False

27.

Students may turn in late work within 3 school days for partial credit.

a)

True

b)

False

28.

Extra credit work will always be provided if requested.

a)

True

b)

False

29.

In this class, students are required to respect themselves, the teacher, and classmates.

a)

True

b)

False

30.

An entrepreneur is:

a)

a person who starts and runs a business

b)

a person who only works for others

c)

someone who avoids taking risks

d)

a person who manages government projects

31.

Which of the following lists includes common traits of entrepreneurs?

a)

Creativity, risk-taking, determination

b)

Laziness, indecisiveness, pessimism

c)

Procrastination, conformity, passivity

d)

Disinterest, rigidity, fear of change

32.

Entrepreneurs should have which of the following sets of skills?

a)

Leadership, problem-solving, and communication skills

b)

Cooking, painting, and singing skills

c)

Swimming, dancing, and gardening skills

d)

Driving, knitting, and sculpting skills

33.

An entrepreneurial mindset is a blend of ______________________, ______________________, and ________________________, that describe how successful entrepreneurs think and act.

a)

Creativity, resilience, and adaptability

b)

Wealth, luck, and passivity

c)

Routine, obedience, and conformity

d)

Fear, hesitation, and rigidity

34.

Selling pre-made designs versus custom designs has which of the following advantages and disadvantages?

a)

Pre-made designs offer faster sales but less personalization, while custom designs provide unique solutions but take more time.

b)

Pre-made designs are always more expensive than custom designs.

c)

Custom designs are less time-consuming than pre-made designs.

d)

Pre-made designs guarantee higher customer satisfaction than custom designs.

35.

The reason entrepreneurs choose to open a business is:

a)

To pursue a passion or interest

b)

Because it was the only available option

c)

Due to family pressure

d)

To avoid working for others

36.

Customers should visit your business and purchase your products because:

a)

Your business offers unique value and quality products.

b)

Your business is located far from customers.

c)

Your products are more expensive than competitors.

d)

Your business has limited product variety.

37.

Is 'Travel' a hobby or a desire?

a)

Hobby

b)

Desire

c)

Can be either.

38.

For Group 1: What is the name of their business?

a)

Clock That Tea

b)

Tech Innovators

c)

Green Solutions

d)

Urban Eats

39.

For Group 1: What do they sell?

a)

Kool-Aid

b)

Coffee

c)

Juice

d)

Tea

40.

For Group 2: What is the name of their business?

a)

Shaky Shakes

b)

Hot Shakes

c)

Shake Solutions

d)

Urban Eats

41.

For Group 2: What do they sell?

a)

Fruit Juice

b)

Shakes

c)

Sugar-Free Tea

d)

Milk

42.

For Group 3: What is the name of their business?

a)

The Bird

b)

The Mockingfish

c)

The Mockingbird

d)

The Mockingcat

43.

For Group 3: What do they sell?

a)

Books

b)

Birds

c)

Mocktails

d)

Mocking Birds

44.

For Group 4: What is the name of their business?

a)

Soda Pop

b)

Pop Soda

c)

Green Soap

d)

Baking Soda

45.

For Group 4: What do they sell?

a)

Popcorn

b)

Sodas

c)

Cakes

d)

Ice Cream Floats

46.

Which of the following is an expectation in the Grade 7 Entrepreneurship class?

a)

Be disrespectful to others

b)

Be respectful to everyone and their ideas

c)

Ignore classroom rules

d)

Arrive late to class

47.

Which of the following should you bring to the Grade 7 Entrepreneurship class?

a)

Blue Class Binder

b)

Textbook

c)

Calculator

d)

Snacks

48.

What percentage of your grade in the Grade 7 Entrepreneurship class is based on Classwork, Homework, and Class Participation?

a)

60%

b)

40%

c)

75%

d)

30%

49.

What percentage of your grade in the Grade 7 Entrepreneurship class is based on Tests, Quizzes, and Projects?

a)

40%

b)

25%

c)

60%

d)

10%

50.

Which of the following is NOT listed as something to bring to the Grade 7 Entrepreneurship class?

a)

Pen or pencil

b)

Laptop

c)

Assignments

d)

Calculator

51.

Which of the following is an expectation in the Grade 7 Entrepreneurship class?

a)

Come prepared with materials and a positive attitude

b)

Forget your assignments

c)

Ignore your classmates

d)

Arrive late

52.

Which of the following is an expectation in the Grade 7 Entrepreneurship class?

a)

Participate actively in discussions & activities

b)

Sleep during class

c)

Ignore group work

d)

Disrupt the class

53.

Which of the following is an expectation in the Grade 7 Entrepreneurship class?

a)

Follow all school/classroom rules and class procedures

b)

Ignore classroom rules

c)

Break school rules

d)

Skip class procedures

54.

Which of the following is an expectation in the Grade 7 Entrepreneurship class?

a)

Work Cooperatively

b)

Work alone

c)

Refuse to help others

d)

Ignore teamwork

55.

Which of the following is a category that makes up 60% of your grade in the Grade 7 Entrepreneurship class?

a)

Tests

b)

Quizzes

c)

Projects

d)

Class Participation

56.

Which of the following is a category that makes up 40% of your grade in the Grade 7 Entrepreneurship class?

a)

Homework

b)

Classwork

c)

Quizzes

d)

Class Participation

57.

Which of the following is required for all students in the Grade 7 Entrepreneurship class?

a)

Create a business and participate in the Kidpreneur Expo

b)

Skip the final project

c)

Ignore business plan development

d)

Miss the spring event

58.

Which of the following is a major curricular topic in the Entrepreneurship course?

a)

Intro to Entrepreneurship

b)

Advanced Chemistry

c)

World History

d)

Physical Education

59.

One of the major curricular topics is ________ Planning.

a)

Profit

b)

Event

c)

Holiday

d)

Garden

60.

A financial reward that comes from starting and running a business is called a/n

a)

Expense

b)

Liability

c)

Profit

d)

Owner's Equity