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- 1. Multiple Choice
____________ is an attitude and a set of skills, highly valued employers, which will enable a person to seize opportunities.
Enterprise
Entrepreneur
- 2. Multiple Choice
________ is the person who uses creativity to look for opportunities while also having the willingness to take risks to create new businesses that make profit.
Enterprise
Entrepreneur
- 3. Multiple Choice
A "gap in the market" is
a market that has too many entrepreneurs
an opportunity for individuals to create a business as there is potential for a profitable business. Nobody in the market currently supplies that good or service.
A market without many entrepreneurs
- 4. Multiple Choice
A characteristic of an entrepreneur is
a skill or ability you can develop over time
a personality trait that you are born with
- 5. Multiple Choice
A skill of an entrepreneur is
a personality trait you are born with
a skill or ability that you develop over time through practice
- 6. Multiple Choice
Which two of the following are characteristics of an entrepreneur
Self-confident
decisive
communication
planning
- 7. Multiple Choice
Which of the following is a characteristic
Flexible
Motivation
- 8. Multiple Choice
Which two of the following are skills of an entrepreneur
Ability to manage time
committed
Ability to identify opportunities
adaptable
- 9. Multiple Choice
Which of the following answers are reasons for starting your own business
To be your own boss
They spot a gap in the market
To keep the financial gains of the business
They create an idea related to a hobby or sport
- 10. Multiple Choice
Select the positive impacts of enterprise
Creates jobs
Distributes wealth (more people are working and earning)
More competition
Potential to lose money
- 11. Multiple Choice
Risks of being an entrepreneur (x3)
You may lose the money you invested
You make find it difficult to take time off each week as you are so involved in the business
You may need to put a lot of time and effort into creating it
You get to make all the decisions
- 12. Multiple Choice
Rewards of being an entrepreneur (x3)
You get to keep the financial profits
You get to make decisions and decide what the business does next.
You can work flexible hours
You don't have to pay taxes
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