What is an entrepreneur?
Module 2: Role of the Entrepreneur Review

Quiz
•
Business
•
11th Grade
•
Medium

Ambrie Butler
Used 1+ times
FREE Resource
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who starts his or her own business, instead of working for someone else.
A person who works for a large corporation.
A person who only invests in stocks.
A person who manages a non-profit organization.
Answer explanation
An entrepreneur is defined as a person who starts their own business, distinguishing them from those who work for others or invest in stocks. This choice accurately captures the essence of entrepreneurship.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of an entrepreneur?
Passion
Discipline
Risk taker
Laziness
Answer explanation
Laziness is NOT a characteristic of an entrepreneur. Entrepreneurs are typically driven by passion, discipline, and a willingness to take risks, which are essential for success in their ventures.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business entrepreneur likely to do?
Design websites, create and sell beauty products, or teach swimming lessons.
Lead nature appreciation tours.
Start a theater program for at-risk youth.
Create recyclable alternatives to common products.
Answer explanation
A business entrepreneur typically engages in activities that involve creating and selling products or services, such as designing websites or beauty products, which aligns with the correct choice.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
Babysitting
T-shirt
Cake
Painting
Answer explanation
Babysitting is a service where one person provides care for children, making it an example of a service. In contrast, a T-shirt, cake, and painting are tangible products.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What defines a product-based business?
A business that primarily sells products, such as greeting cards or video games.
A business that primarily offers services, such as tutoring.
A business that focuses on non-profit activities.
A business that only operates online.
Answer explanation
A product-based business is defined by its primary focus on selling tangible items, like greeting cards or video games, rather than offering services or engaging in non-profit activities.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service-based business?
A business that primarily sells products.
A business that primarily sells services.
A business that primarily sells both products and services.
A business that primarily sells digital goods.
Answer explanation
A service-based business focuses on providing services rather than physical products. Therefore, the correct answer is that it primarily sells services.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a unit of sale?
The largest chunk in which a product or service can be purchased.
The smallest chunk in which a product or service can be purchased.
The average chunk in which a product or service can be purchased.
The most expensive chunk in which a product or service can be purchased.
Answer explanation
A unit of sale refers to the smallest chunk in which a product or service can be purchased, making it the basic measure for transactions.
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