wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Entrepreneurship Vocabulary

Total questions: 45

Worksheet time: 1hrs 21mins

Name
Class
Date
1.

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?

a)

Entrepreneurship

b)

Innovation

c)

Vision

d)

Adaptability

2.

Daniel wants to start a bakery and be the only owner, responsible for all profits and debts. Which business structure is best?

a)

Partnership

b)

Corporation

c)

Sole proprietorship

d)

Limited liability company (LLC)

3.

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?

a)

Bank loan

b)

Angel investors

c)

Crowdfunding

d)

Selling assets

4.

James practices guitar every day, even when it is hard. Which best describes his behavior?

a)

Being flexible when situations change

b)

Not giving up when something is difficult

c)

Recovering quickly after failure

d)

Working efficiently with minimal resources

5.

Three people agree to share profits, losses, and responsibilities in a business. What is this arrangement called?

a)

Limited liability company (LLC)

b)

Corporation

c)

Franchise

d)

Partnership

6.

Benjamin needs to include a short overview at the beginning of his business plan that highlights the key ideas. What is this section called?

a)

Executive summary

b)

Company description

c)

Vision statement

d)

Financial plan

7.

David needs money for his new tech company. He meets people who give him money for ownership shares. What are these people called?

a)

Friends and family

b)

Angel investors

c)

Crowdfunders

d)

Bank lenders

8.

Abigail wants to learn about her customers, market size, and competitors. What is this research called?

a)

Financial plan

b)

Marketing strategy

c)

Market analysis

d)

Operations plan

9.

Nora meets new people, exchanges ideas, and shares contact information to build relationships. What is this activity called?

a)

Leadership

b)

Customer focus

c)

Networking

d)

Partnership

10.

Grace wants to protect her personal assets and have flexible management for her business. Which business structure should she choose?

a)

Sole proprietorship

b)

Corporation

c)

Partnership

d)

Limited liability company (LLC)

11.

Sophia starts a business to sell her new product idea. What is this called?

a)

Innovation

b)

Risk taking

c)

Entrepreneurship

d)

Leadership

12.

Sophia wants a written guide for her bakery's goals, how to make money, and steps to achieve them. What should she create?

a)

Business plan

b)

Financial plan

c)

Marketing strategy

d)

Operations plan

13.

Hannah wants to start a business. She knows it might fail, but it could also bring big rewards. What describes her choice?

a)

Persistence

b)

Risk taking

c)

Adaptability

d)

Resilience

14.

Kai wants to add extra documents at the end of his business plan for more details or proof. What are these called?

a)

Financial plan

b)

Executive summary

c)

Company description

d)

Appendices and supporting documents

15.

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?

a)

Resilience

b)

Persistence

c)

Adaptability

d)

Efficiency

16.

Benjamin pays a company to use its name and systems for his restaurant. What is this business model called?

a)

Franchise

b)

Partnership

c)

Merger

d)

Acquisition

17.

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?

a)

Credit cards

b)

Bank loan

c)

Crowdfunding

d)

Angel investment

18.

Daniel wants to plan how to promote and sell his products. What is this plan called?

a)

Financial plan

b)

Operations plan

c)

Marketing and sales strategy

d)

Market analysis

19.

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?

a)

Vision

b)

Passion

c)

Leadership

d)

Innovation

20.

What does it mean to "start a new business"?

a)

To buy an existing company

b)

To create a company by planning a product or service

c)

To invest in another company

d)

To work at a new company

21.

Abigail practices piano and learns new songs because she feels excited and loves music. What is this feeling called?

a)

Vision

b)

Passion

c)

Persistence

d)

Leadership

22.

What is the term for the effect a new business has on money, jobs, and the community?

a)

Economic growth

b)

Job creation

c)

Economic impact

d)

Financial plan

23.

Maya fails her math test, studies harder, and improves her grade. What is Maya showing?

a)

Using the least time and resources.

b)

Continuing to try and recovering after failure.

c)

Not giving up when it's hard.

d)

Being flexible when things change.

24.

What are the items Rohan sells in his bakery called?

a)

Market analysis

b)

Competition

c)

Products or services

d)

Customer focus

25.

Mia and Olivia both own ice cream shops and try to get more customers than each other. What is this called?

a)

Networking

b)

Competition

c)

Innovation

d)

Inflation

26.

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?

a)

Executive summary

b)

Company description

c)

Operations plan

d)

Financial plan

27.

Grace needs extra money for her new business and explains to lenders how she will use it. What is this explanation called?

a)

Funding request

b)

Bank loan

c)

Credit cards

d)

Selling assets

28.

Evelyn listens to customers and makes sure they are happy. What is this approach called?

a)

Customer focus

b)

Marketing strategy

c)

Networking

d)

Leadership

29.

Charlotte wants to start a business that is separate from its owners and can sell stock. Which business structure should she choose?

a)

Partnership

b)

Sole proprietorship

c)

Corporation

d)

Franchise

30.

What is the term for raising money by selling valuable items you already own?

a)

Crowdfunding

b)

Selling assets

c)

Bank loan

d)

Angel investors

31.

William is figuring out how people and their roles fit together at a startup. What is this called?

a)

A. Organization and team

b)

B. Leadership

c)

C. Operations plan

d)

D. Partnership

32.

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?

a)

Bank loan

b)

Credit cards

c)

Funding request

d)

Selling assets

33.

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?

a)

Persistence

b)

Adaptability

c)

Efficiency

d)

Risk taking

34.

Kai asks people he knows for money to start his bakery. What is this type of money called?

a)

Angel investors

b)

Crowdfunding

c)

Friends and family

d)

Bank loan

35.

Which term describes an increase in the production of goods and services over time?

a)

Economic growth

b)

Economic impact

c)

Job creation

d)

Competition

36.

Olivia wants to describe how her bakery will run each day and who does each task. What is this called?

a)

Marketing and sales strategy

b)

Organization and team

c)

Operations and management plan

d)

Business plan

37.

Benjamin wants to buy a company that is already running, with its customers and equipment. What is this called?

a)

Start a business

b)

Buy an existing business

c)

Franchise

d)

Partnership

38.

Kai wants to organize numbers showing how he expects to earn money and pay bills. What is this set of numbers called?

a)

Market analysis

b)

Funding request

c)

Financial plan

d)

Executive summary

39.

Liam listens to his customers’ feedback to improve his bakery. What term describes his focus on customers’ needs?

a)

Competition

b)

Networking

c)

Leadership

d)

Customer focus

40.

Ella wants to explain how her company will earn money and cover costs in her business plan. What is this section called?

a)

Market analysis

b)

Executive summary

c)

Operations plan

d)

Financial plan

41.

Lucas is looking for someone to help run his business and share profits and losses. What is this person called?

a)

Investor

b)

Manager

c)

Customer

d)

Partner

42.

What is the section of a business plan that gives a quick overview of the main points and goals?

a)

Executive summary

b)

Company description

c)

Appendices

d)

Funding request

43.

Emma wants to start a company that offers a new type of online service. What is this process called?

a)

Leadership

b)

Networking

c)

Entrepreneurship

d)

Efficiency

44.

Jack keeps working on his business idea even after facing several setbacks. What quality is Jack demonstrating?

a)

Resilience

b)

Adaptability

c)

Risk taking

d)

Vision

45.

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?

a)

Bank loan

b)

Partnership

c)

Crowdfunding

d)

Angel investing