WorksheetsEntrepreneurship Vocabulary
Total questions: 26
Worksheet time: 13mins
A person who starts a company
Entrepreneur
Profit
Startup
Business
You run a lemonade stand on weekends. The lemonade you sell is an example of a ________.
Product
Expense
Profit
Service
You run a lemonade stand on weekends. The lemons, cups, and sugar you buy to make the lemonade are examples of __________.
Products
Expenses
Profits
Services
You run a lemonade stand on weekends. You charge customers $4 for a cup of lemonade, but you only pay $1 for ingredients per cup. The $3 you have left over are an example of _______.
Products
Expenses
Profits
Services
You babysit your cousins for $20 on Saturday nights. Babysitting is an example of a ...
Product
Expense
Profit
Service
An item that can be sold, such as a physical good you can touch
Product
Expense
Profit
Service
Josie opens a lemonade stand, creates her own recipe, buys the ingredients, and manages all of the money. Josie is a(n)...
Business
Entrepreneur
Product
Service
A company or organization that exchanges goods and services for money
Entrepreneur
Business
Profit
Startup
Ingles sells food, drinks, household items, and other products in exchange for money. Ingles is an example of a(n)...
Entrepreneur
Business
Profit
Startup
The money a business makes after all of its bills have been paid
Profit
Budget
Expense
Sales
A company spends $500 to make t-shirts. They sell them for $800. The $500 is a(n)
Profit
Budget
Expense
Sales
A company spends $500 to make t-shirts. They sell them for $800. The $300 difference is an example of...
Profit
Budget
Expense
Sales
A company spends $500 to make t-shirts. They sell them for $800. The $800 is an example of...
Profit
Budget
Expense
Sales
A cost related to running a business
Profit
Expense
Budget
Sale
A new company
Business
Startup
Entrepreneur
Kroger
Business
Startup
Entrepreneur
Steve Jobs
Business
Startup
Entrepreneur
Which answer choice is an example of a product?
Haircut
Tutoring
Lawn Mowing
A bicycle
Which answer choice is an example of a service?
A watch
A video game console
A coffee mug
A taxi ride
Food
Need
Want
Water
Need
Want
Shelter
Need
Want
The new iPhone 17
Need
Want
Skittles
Need
Want
Football game tickets
Need
Want
Which answer choice most closely matches a NEED?
A warm winter coat
A new video game console
A sports car
A bag of candy
