WorksheetsEntrepreneurship Semester Exam
Total questions: 50
Worksheet time: 25mins
Work program that provides practical, on-the-job training in a business setting.
Apprenticeship
Intrapreneurship
Pathways
Internship
Ultimate goal of the business that keeps the business open.
Corporate Statement
Mission Statement
Vision Statement
Economic development that does not harm society or the environment.
Sustainability
Green Sourcing
Sustainable
Sustainable Economic Development
Sponsoring a community event or service in exchange for advertising.
Sustainable
Sustainability
Sponsorship
Practice of “buying” a certain amount of carbon to help offset your carbon footprint.
Carbon Offset
Carbon Footprint
Carbon Copy
Carbon Monoxide
Company that adopts business practices aimed at protecting or improving the environment.
Green Company
Business Company
Greenwashing
Virtual Company
Describes why a company exists and guides a company’s organization, work, and actions.
Vision Statement
Company Statement
Mission Statement
Public Statement
Organization that operates solely to serve the good of society.
Nonprofit Organization
Nonprofit Company
Nonprofit Business
Nonprofit Charity
Trying to appear environmentally responsible by overstating one’s commitment.
Green Company
Greenwashing
Green Recycle
Whitewashing
Meeting the planet’s current needs while preserving resources for future generations.
Sponsorship
Sustainability
Sustainable
Supervisor
Buying from suppliers who provide safe working conditions and respect workers’ rights.
Corporate Social Responsibility
Ethical Sourcing
Carbon Footprint
Sustainability
The chance of losing something, including money, time, and energy.
business
risk
reward
entrepreneur
A business run entirely on the Internet. Typically, their website ends in .com.
Business
Entrepreneur
Dot-com company
Entrepreneurial
To think or act like an entrepreneur.
Entrepreneur
Entrepeneuial
Entrepreneurship
Employee
A person who works for a business owned by someone else.
Entrepreneur
Entrepreneurial
Entrepreneurship
Employee
Something that a business does for a customer in exchange for money.
Reward
Service
Risk
Product
A physical, tangible item that a business sells to a customer.
Service
Reward
Risk
Product
The ability to show respect to everyone around you while you perform your responsibilities as best as you can.
Characteristics
Professionalism
Attitude
NFTE entrepreneurial mindset
A way of viewing or thinking about something that can affect how you feel about it.
Attitude
Skill
Mindset
Person who provides free guidance, tutoring, and suggestions for achieving your goals.
Self-assessment
Skill
Mentor
Professionalism
Ability that's learned through training and practice.
Professionalism
Mentor
NFTE Entrepreneurial Mindset
Skill
Describes a quality or behavior of a person; can include determination, honesty, and patience.
Mindset
Skill
Characteristic
Attitude
Evaluating your strengths and weaknesses.
NFTE Entrepreneurial Mindset
Professionalism
Characteristic
Self-assessment
Process of forming ideas; the first phase of the entrepreneurial process.
lateral thinking
innovation
ideation
creativity
Business Ethics:
Status of creative works for which the copyright or patent has expired
Possibility of loss that comes with operating the business.
Symbol that indicates that the use of a brand or brand name is legally protected and cannot be used by other businesses
Moral principles applied to business issues and actions.
Business Risk:
Violating the rights provided by a copyright or patent.
Being honest and having strong moral principles.
Possibility of loss that comes with operating the business.
Artistic and industrial creations of the mind.
Copyright:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Exclusive right to perform, display, copy, or distribute an artistic work.
Violating the rights provided by a copyright or patent.
Ethics:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Fair Use:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Infringement:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Integrity:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Intellectual Property:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Artistic and industrial creations of the mind.
Violating the rights provided by a copyright or patent.
Patent:
Allow use of a copyrighted work without permission or payment.
Being honest and having strong moral principles.
Exclusive right to make, use, or sell a device or process.
Violating the rights provided by a copyright or patent.
Public Domain:
Status of creative works for which the copyright or patent has expired.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Trademark
Symbol that indicates that the use of a brand or brand name is legally protected and cannot be used by other businesses.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Transparency
Openness and accountability in business decisions and actions.
Being honest and having strong moral principles.
Set of moral principles that govern decisions and actions.
Violating the rights provided by a copyright or patent.
Part of the entrepreneurial process that includes coming up with many business ideas.
Idea generation
Creativity
Creative thinking
Brainstorm
A characteristics of the Entrepreneurial Mindset that includes the process of developing original ideas.
Creative thinking
Brainstorm
Ideation
Innovation
Creative thinking technique where one thinks of as many possible answers to a question as quickly as possible.
Brainstorm
Creative thinking
Creativity
Idea generation
Business Opportunity
A chance to open a new location of an established business
Consumer need or want that might be met by a new business
A position within a company for new graduates
The act of buying an existing business
Franchise
Ownership of multiple independent businesses
Business arrangement in which an established company sells the right for others to use the company’s name and operating plan to sell products
The right to sell a product online
A non-profit business structure
Franchisee
Franchise seller
Supplier for a franchise
A legal advisor for franchise deals
Franchise buyer
Franchisor
Franchise seller
Franchise buyer
Franchise marketer
An employee at a franchise location
Need
Good or service that people desire
Something that people must have to survive, such as water, food, clothing, or shelter
A luxury item
A want that has become popular
Nondisclosure Agreement
Agreement for renting business property
Franchise agreement
Legal document in which a person or group agrees to keep certain information confidential
Business licensing agreement
Prototype
A written business plan
Model on which future reproductions of an invention are based
First location of a new franchise
A basic layout of a store or website
Royalty Fee
One-time payment to open a franchise
Tax paid by a franchise owner
Regular, ongoing payment to a franchisor based on a percentage of the sales a franchisee earns
Payment made to an employee for product sales
Trade Show
Event where businesses promote their products
Meeting for hiring new employees
Online marketplace for new products
Convention to discuss economic policy
Want
Necessity for human survival
A legal agreement between businesses
Another term for franchise
Good or service that people desire
Window of Opportunity
Limited-time product offer
Period of time in which you have to act before a business opportunity is lost
Investment period for new businesses
Timeframe for securing funding for a business
