BizInnovator Startup - Experience and Overview

BizInnovator Startup - Experience and Overview

9th - 12th Grade

13 Qs

quiz-placeholder

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BizInnovator Startup - Experience and Overview

BizInnovator Startup - Experience and Overview

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Jacobson Institute

Used 2K+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Pick the best definition for: Entrepreneur

an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
a temporary organization that searches for a repeatable and scalable business model
Started to fill a gap or provide a service, be your own boss
a formally educated individual who invests in small businesses

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Pick the best definition for: Startup

a temporary organization that searches for a repeatable and scalable business model
an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
Started to fill a gap or provide a service, be your own boss
a formally educated individual who invests in small businesses

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Pick the best definition for: Small Business

Started to fill a gap or provide a service, be your own boss
an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
a temporary organization that searches for a repeatable and scalable business model
a formally educated individual who invests in small businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pick two essential characteristics of successful entrepreneurs.

Passionate and Determined
Profit-Oriented and Independent
Formally Educated and Driven
Extroverted and Aggressive

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Dante's business is called Sock Nation. He and his team sell customized socks and slippers and donate a pair of shoes for every ten pairs of socks sold. Their priorities are satisfying an unmet need in the marketplace for custom socks and improving society. Their goals or vision includes expanding their product lines and customer segments as well as the magnitude of their social improvements. What type of entrepreneur would best describe Dante?

Social Entrepreneur
Hobby Entrepreneur
Climate/Green Entrepreneur
Generic Entrepreneur

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Keira's business is called Sustainable Slabs. She and her team sell cutting boards and decorative wood products from reclaimed or recycled wood. Their priorities are creating beautiful home products through sustainable methods. Their goals or vision includes expanding to other products sourced from reclaimed natural resources. What type of business would best describe Keira's Sustainable Slabs?

Climate/Green Entrepreneur
Social Entrepreneur
Hobby Entrepreneur
Generic Entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: The Business Plan and Business Model Canvas are static documents that are written early in the planning phase.

false
true

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