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- 1. Multiple ChoiceThe act of assuming the risk of organizing productive resources to produce goods and services.businesscritical thinkingentrepreneurshiprisk management
- 2. Multiple ChoiceWho created Facebook?Mark ZuckerbergElon MuskJK RowlingWalt Disney
- 3. Multiple ChoiceBusiness entity that is usually owned by multiple stockholders and operates as a separate legal entity.proprietorshippartnershiplimited liability companycorporation
- 4. Multiple Choice
What is an entrepreneur?A person who is in charge of a specific location.A person who works for someone else in order to learn skills.A person who organizes and operates a business or businesses.None of these - 5. Multiple ChoiceWhich is NOT a common characteristic of an entrepreneur?risk-takercreativeorganizedirresponsible
- 6. Multiple ChoiceAn entrepreneur is someone who works for themselves.TrueFalse
- 7. Multiple ChoiceMost entrepreneurs work long hours, but they create their own schedule.TrueFalse
- 8. Multiple ChoiceALL entrepreneurs have a college degree.TrueFalse
- 9. Multiple ChoiceHow do many people become millionaires?They save aggressively.They avoid debt.The invest their money.All of these
- 10. Multiple Choice
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
- 11. Multiple Choice
A target market is
a group of investors willing to put capital into a business
a generational group of individuals
a group of consumers at which a product/service is aimed
an industry willing to sell and market your product
- 12. Multiple ChoiceWhich type of business does this image represent?WholesaleRetailServiceManufacturing
- 13. Multiple ChoiceThe act of assuming the risk of organizing productive resources to produce goods and services.businesscritical thinkingentrepreneurshiprisk management
- 14. Multiple Choice
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
- 15. Multiple Choice
Which trait or characteristic would describe a successful entrepreneur?
Lazy
Shy
Bossy
Self Starter
- 16. Multiple Choice
What % of small businesses will fail in the first five years?
30%
15%
50%
70%
- 17. Multiple Choice
60% of __________________ fail in the first three years
Coffee shops
Restaurants
Retail shops
Manufacturing plants
- 18. Multiple Choice
What % of jobs are created by small businesses?
60%
50%
80%
30%
- 19. Multiple Choice
What are the four P's of marketing
product, produce, production, price
person, place, produce, practice
promotion, product, practice, price
promotion, place, price, product
- 20. Multiple ChoiceA new or different productHarvestingInnovationOpportunityRisk
- Answer choicesTagsAnswer choicesTags