Gr 9 EOT Quiz Review

People who start their own businesses are called_____

• enterprise

• entrepreneurs

• employees

Enterprise can mean a ___________

• person who has a business

• business / the act of setting up a business

• new idea

A new idea or way of doing something.

• Innovation

• Enterprise

• entrepreneur

What are the benefits of starting a business? (Choose 2 answers)

• losing time

• losing money

• creating new things

• being the boss

A chance that something can go wrong.

• benefit

• advantage

• risk

What are the risks of setting up a business? (Choose 2 answers)

• lose money

• create new ideas

• setting your own goals

• lose security

Some common reasons why

entrepreneurs fail are: (Choose 2 answers)

• good skills

• lack of finance

• clear objectives

• poor choice of location

Other businesses who have the same target markets. For example, Nike and Adidas.

• innovation

• competition

• target market

Some important skills that entrepreneurs need to have

are: (Choose 2 answers)

• interpersonal skills

• risk management

• having a lot of money

• having a large family

Some characteristics that successful entrepreneurs

have are: (Choose 2 answers)

• creativity

• proud

• confidence

• angry