Entrepreneurship Quiz LS-451

Entrepreneurship Quiz LS-451

8th Grade - University

10 Qs

quiz-placeholder

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Entrepreneurship Quiz LS-451

Entrepreneurship Quiz LS-451

Assessment

Quiz

Education, Business

8th Grade - University

Medium

Created by

Peter Maxwell

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are Entrepreneurs?

an individual who makes money

an individual who creates a new business, bearing most of the risks and enjoying most of the rewards

and individual who saves money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Entrepreneurship?

The activity of starting a business, while assuming a larger than normal risk, in the hopes of making profit

Taking on a low risk job

Buying into a larger business or corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are 4 things to do to become and Entrepreneur?

1) Find your market 2) Know your Qualifications 3) Plan your business 4) Find your target market

1)Plan your business 2) take out a loan 3) Create your product 4) Dominate the market

1) Find your market 2) Take out a loan 3) create product 4) Network

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pros of being a Entrepreneur

Financial Risk

Freedom, Flexibility, Control

Potential Failure

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cons of being an Entrepreneur?

Possibility of making a lot of money

Workload, Responsibility, Financial Risk

Freedom of choice when it comes to your business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of an Entrepreneur?

Lazy

Undetermined

Innovative

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It takes millions of dollars to become an Entrepreneur?

True

False

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