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WorksheetsEntrepreneurship Vocabulary
Total questions: 45
Worksheet time: 1hrs 21mins
Olivia created a device that makes recycling easier. What is the term for a new idea or invention that improves something or solves a problem?
Entrepreneurship
Innovation
Vision
Adaptability
Daniel wants to start a bakery and be the only owner, responsible for all profits and debts. Which business structure is best?
Partnership
Corporation
Sole proprietorship
Limited liability company (LLC)
Priya wants to develop a new gadget but lacks funds. She raises small amounts of money from many supporters, often offering rewards. What is this method called?
Bank loan
Angel investors
Crowdfunding
Selling assets
James practices guitar every day, even when it is hard. Which best describes his behavior?
Being flexible when situations change
Not giving up when something is difficult
Recovering quickly after failure
Working efficiently with minimal resources
Three people agree to share profits, losses, and responsibilities in a business. What is this arrangement called?
Limited liability company (LLC)
Corporation
Franchise
Partnership
Benjamin needs to include a short overview at the beginning of his business plan that highlights the key ideas. What is this section called?
Executive summary
Company description
Vision statement
Financial plan
David needs money for his new tech company. He meets people who give him money for ownership shares. What are these people called?
Friends and family
Angel investors
Crowdfunders
Bank lenders
Abigail wants to learn about her customers, market size, and competitors. What is this research called?
Financial plan
Marketing strategy
Market analysis
Operations plan
Nora meets new people, exchanges ideas, and shares contact information to build relationships. What is this activity called?
Leadership
Customer focus
Networking
Partnership
Grace wants to protect her personal assets and have flexible management for her business. Which business structure should she choose?
Sole proprietorship
Corporation
Partnership
Limited liability company (LLC)
Sophia starts a business to sell her new product idea. What is this called?
Innovation
Risk taking
Entrepreneurship
Leadership
Sophia wants a written guide for her bakery's goals, how to make money, and steps to achieve them. What should she create?
Business plan
Financial plan
Marketing strategy
Operations plan
Hannah wants to start a business. She knows it might fail, but it could also bring big rewards. What describes her choice?
Persistence
Risk taking
Adaptability
Resilience
Kai wants to add extra documents at the end of his business plan for more details or proof. What are these called?
Financial plan
Executive summary
Company description
Appendices and supporting documents
Samuel started a new job with different tasks and expectations. What term describes his ability to change how he acts or thinks in this new situation?
Resilience
Persistence
Adaptability
Efficiency
Benjamin pays a company to use its name and systems for his restaurant. What is this business model called?
Franchise
Partnership
Merger
Acquisition
Emma wants to buy a car but doesn't have enough money. She gets money from a bank and will pay it back with interest. What is this called?
Credit cards
Bank loan
Crowdfunding
Angel investment
Daniel wants to plan how to promote and sell his products. What is this plan called?
Financial plan
Operations plan
Marketing and sales strategy
Market analysis
Mia wants to make choices to reach her long-term goals. What term describes a clear idea of what she wants to achieve and guides her decisions?
Vision
Passion
Leadership
Innovation
What does it mean to "start a new business"?
To buy an existing company
To create a company by planning a product or service
To invest in another company
To work at a new company
Abigail practices piano and learns new songs because she feels excited and loves music. What is this feeling called?
Vision
Passion
Persistence
Leadership
What is the term for the effect a new business has on money, jobs, and the community?
Economic growth
Job creation
Economic impact
Financial plan
Maya fails her math test, studies harder, and improves her grade. What is Maya showing?
Using the least time and resources.
Continuing to try and recovering after failure.
Not giving up when it's hard.
Being flexible when things change.
What are the items Rohan sells in his bakery called?
Market analysis
Competition
Products or services
Customer focus
Mia and Olivia both own ice cream shops and try to get more customers than each other. What is this called?
Networking
Competition
Innovation
Inflation
Maya is writing a business plan. She needs a section that explains what the business does, whom it serves, and what makes it special. What is this section called?
Executive summary
Company description
Operations plan
Financial plan
Grace needs extra money for her new business and explains to lenders how she will use it. What is this explanation called?
Funding request
Bank loan
Credit cards
Selling assets
Evelyn listens to customers and makes sure they are happy. What is this approach called?
Customer focus
Marketing strategy
Networking
Leadership
Charlotte wants to start a business that is separate from its owners and can sell stock. Which business structure should she choose?
Partnership
Sole proprietorship
Corporation
Franchise
What is the term for raising money by selling valuable items you already own?
Crowdfunding
Selling assets
Bank loan
Angel investors
William is figuring out how people and their roles fit together at a startup. What is this called?
A. Organization and team
B. Leadership
C. Operations plan
D. Partnership
Harper wants to buy something but doesn't have enough cash. She uses a card to borrow money and pay it back later. What is this called?
Bank loan
Credit cards
Funding request
Selling assets
Scarlett wants to finish her project quickly, using the least time, effort, or resources, but still wants it to look good. What is this called?
Persistence
Adaptability
Efficiency
Risk taking
Kai asks people he knows for money to start his bakery. What is this type of money called?
Angel investors
Crowdfunding
Friends and family
Bank loan
Which term describes an increase in the production of goods and services over time?
Economic growth
Economic impact
Job creation
Competition
Olivia wants to describe how her bakery will run each day and who does each task. What is this called?
Marketing and sales strategy
Organization and team
Operations and management plan
Business plan
Benjamin wants to buy a company that is already running, with its customers and equipment. What is this called?
Start a business
Buy an existing business
Franchise
Partnership
Kai wants to organize numbers showing how he expects to earn money and pay bills. What is this set of numbers called?
Market analysis
Funding request
Financial plan
Executive summary
Liam listens to his customers’ feedback to improve his bakery. What term describes his focus on customers’ needs?
Competition
Networking
Leadership
Customer focus
Ella wants to explain how her company will earn money and cover costs in her business plan. What is this section called?
Market analysis
Executive summary
Operations plan
Financial plan
Lucas is looking for someone to help run his business and share profits and losses. What is this person called?
Investor
Manager
Customer
Partner
What is the section of a business plan that gives a quick overview of the main points and goals?
Executive summary
Company description
Appendices
Funding request
Emma wants to start a company that offers a new type of online service. What is this process called?
Leadership
Networking
Entrepreneurship
Efficiency
Jack keeps working on his business idea even after facing several setbacks. What quality is Jack demonstrating?
Resilience
Adaptability
Risk taking
Vision
Lily needs funds to launch her startup and decides to ask a group of people online to contribute small amounts. What is this method called?
Bank loan
Partnership
Crowdfunding
Angel investing
