NEW
Font size
S
M
L
XL
WorksheetsENTRE SEM 1 EXAM WILKE 2025
Total questions: 50
Worksheet time: 26mins
Name
Class
Date
1.
Company that adopts business practices aimed at protecting or improving the environment.
a)
Green Company
b)
Business Company
c)
Greenwashing
d)
Virtual Company
2.
Describes why a company exists and guides a company’s organization, work and, actions.
a)
Vision Statement
b)
Company Statement
c)
Mission Statement
d)
Public Statement
3.
Organization that operates solely to serve the good of society.
a)
Nonprofit Organization
b)
Nonprofit Company
c)
Nonprofit Business
d)
Nonprofit Charity
4.
Donating money and other resources for a socially beneficial cause.
a)
Volunteer
b)
Philanthropy
c)
Community Service
d)
Donation
5.
Acting in ways that balance a business’s profits and growth with the good of society.
a)
Corporate Social Responsibility
b)
Ethical Sourcing
c)
Carbon Footprint
d)
Corporations
6.
Buying from suppliers who provide safe working conditions and respect workers’ rights.
a)
Corporate Social Responsibility
b)
Ethical Sourcing
c)
Carbon Footprint
d)
Sustainability
7.
Job experience in which a technical or trade skill is taught.
a)
Apprenticeship
b)
Intrapreneurship
c)
Career Cluster
d)
Internship
8.
The chance of losing something, including money, time, and energy.
a)
business
b)
risk
c)
reward
d)
entrepreneur
9.
A business run entirely on the Internet. Typically, their website ends in “.com”.
a)
Business
b)
Entrepreneur
c)
Dot-com company
d)
Entrepreneurial
10.
A person who works for a business owned by someone else.
a)
Entrepreneur
b)
Entrepreneurial
c)
Entrepreneurship
d)
Employee
11.
Something that a business does for a customer in exchange for money.
a)
Reward
b)
Service
c)
Risk
d)
Product
12.
Person who provides free guidance, tutoring, and suggestions for achieving your goals.
a)
Self-assessment
b)
Skill
c)
Mentor
d)
Professionalism
13.
What entrepreneurs get in exchange for starting a business.
a)
Risk
b)
Reward
c)
Service
d)
Dot-com company
14.
Helps people identify professions that best suit their interests and abilities.
a)
Career Cluster
b)
Pathways
c)
Apprenticeship
d)
Intrapreneurship
15.
Someone who creates and runs their own business.
a)
Entrepreneur
b)
Entrepreneurship
c)
Entrepreneurial
d)
Employee
16.
A physical, tangible item that a business sells to a customer.
a)
Service
b)
Reward
c)
Risk
d)
Product
17.
The ability to show respect to everyone around you while you perform your responsibilities as best as you can.
a)
Characteristics
b)
Professionalism
c)
Attitude
d)
NFTE entrepreneurial mindset
18.
Sponsoring a community event or service in exchange for advertising.
a)
Sustainable
b)
Sustainability
c)
Sponsorship
19.
Ability that's learned through training and practice.
a)
Professionalism
b)
Mentor
c)
NFTE Entrepreneurial Mindset
d)
Skill
20.
Evaluating your strengths and weaknesses.
a)
NFTE Entrepreneurial Mindset
b)
Professionalism
c)
Characteristic
d)
Self-assessment
21.
Business Ethics :
a)
Status of creative works for which the copyright or patent has expired
b)
Possibility of loss that comes with operating the business.
c)
Symbol that indicates that the use of a brand or brand name is legally protected and cannot be used by other businesses
d)
Moral principles applied to business issues and actions.
22.
Business Plan:
a)
Exclusive right to perform, display, copy, or distribute an artistic work
b)
Moral principles applied to business issues and actions.
c)
Set of moral principles that govern decisions and actions.
d)
Statement of your business goals and details on how you are going to achieve them.
23.
Copyright:
a)
Allow use of a copyrighted work without permission or payment.
b)
Being honest and having strong moral principles.
c)
Exclusive right to perform, display, copy, or distribute an artistic work.
d)
Violating the rights provided by a copyright or patent.
24.
Franchise:
a)
Ownership of multiple independent businesses
b)
Business arrangement in which an established company sells the right for others to use the company’s name and operating plan to sell products
c)
The right to sell a product online
d)
A non-profit business structure
25.
Intellectual Property:
a)
Allow use of a copyrighted work without permission or payment.
b)
Being honest and having strong moral principles.
c)
Artistic and industrial creations of the mind.
d)
Violating the rights provided by a copyright or patent.
26.
Conflict of Interest:
a)
Allow use of a copyrighted work without permission or payment.
b)
Personal considerations and professional obligations that interfere with each other.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
27.
Ethics:
a)
Allow use of a copyrighted work without permission or payment.
b)
Being honest and having strong moral principles.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
28.
Ultimate goal of the business that keeps the business open working towards accomplishing the vision.
a)
Corporate Statement
b)
Mission Statement
c)
Vision Statement
29.
Executive Summary:
a)
Statement of your business goals and details on how you are going to achieve them.
b)
Personal considerations and professional obligations that interfere with each other.
c)
Brief summary of the business plan's key selling points of the investment opportunity.
d)
Openness and accountability in business decisions and actions.
30.
Infringement:
a)
Allow use of a copyrighted work without permission or payment.
b)
Being honest and having strong moral principles.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
31.
Integrity:
a)
Allow use of a copyrighted work without permission or payment.
b)
Being honest and having strong moral principles.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
32.
Patent :
a)
Allow use of a copyrighted work without permission or payment.
b)
Being honest and having strong moral principles.
c)
Exclusive right to make, use, or sell a device or process.
d)
Violating the rights provided by a copyright or patent.
33.
Public Domain:
a)
Status of creative works for which the copyright or patent has expired.
b)
Being honest and having strong moral principles.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
34.
A trademark is a word that indicates that the use of the brand or brand name can be copied.
a)
True
b)
False
35.
Practice of “buying” a certain amount of carbon to help offset your carbon footprint.
a)
Carbon Offset
b)
Carbon Footprint
c)
Carbon Copy
d)
Carbon Monoxide
36.
Trademark
a)
Symbol that indicates that the use of a brand or brand name is legally protected and cannot be used by other businesses.
b)
Being honest and having strong moral principles.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
37.
Franchisor:
a)
Franchise seller
b)
Franchise buyer
c)
Franchise marketer
d)
An employee at a franchise location
38.
Transparency:
a)
Openness and accountability in business decisions and actions.
b)
Being honest and having strong moral principles.
c)
Set of moral principles that govern decisions and actions.
d)
Violating the rights provided by a copyright or patent.
39.
New solutions to a problem that entrepreneurs create.
a)
brainstorm
b)
creativity
c)
ideation
d)
innovation
40.
Process of forming ideas; the first phase of the entrepreneurial process.
a)
lateral thinking
b)
innovation
c)
ideation
d)
creativity
41.
Part of the entrepreneurial process that includes coming up with many business ideas.
a)
idea generation
b)
creativity
c)
creative thinking
d)
brainstorm
42.
Business Opportunity:
a)
A chance to open a new location of an established business
b)
Consumer need or want that might be met by a new business
c)
A position within a company for new graduates
d)
The act of buying an existing business
43.
Prototype:
a)
A written business plan
b)
Model on which future reproductions of an invention are based
c)
First location of a new franchise
d)
A basic layout of a store or website
44.
Window of Opportunity :
a)
Limited-time product offer
b)
Period of time in which you have to act before a business opportunity is lost
c)
Investment period for new businesses
d)
Timeframe for securing funding for a business
45.
Want :
a)
Necessity for human survival
b)
A legal agreement between businesses
c)
Another term for franchise
d)
Good or service that people desire
46.
Franchisee:
a)
Franchise seller
b)
Supplier for a franchise
c)
A legal advisor for franchise deals
d)
Franchise buyer
47.
Need:
a)
Good or service that people desire
b)
Something that people must have to survive, such as water, food, clothing, or shelter
c)
A luxury item
d)
A want that has become popular
48.
Nondisclosure Agreement:
a)
Agreement for renting business property
b)
Franchise agreement
c)
Legal document in which a person or group agrees to keep certain information confidential
d)
Business licensing agreement
49.
Pivot:
a)
A marketing strategy for a franchise
b)
The process of testing a product in a market
c)
An ongoing process of returning to a business idea and changing and revising your initial idea until you get a better opportunity
d)
The phase where a business owner secures funding
50.
Royalty Fee :
a)
One-time payment to open a franchise
b)
Tax paid by a franchise owner
c)
Regular, ongoing payment to a franchisor based on a percentage of the sales a franchisee earns
d)
Payment made to an employee for product sales
Reset
