Entrepreneurship

Who started Microsoft at the age of 23?

• Steve Jobs

• Bill Gates

• Mark Zuckerberg

• Warren Buffet

A freelancer is someone who:

• Runs a franchise

• Works a single full-time job

• Works for one employer long-term

• Does contract work for various companies

What is a common characteristic of entrepreneurs?

• Selfishness

• Passiveness

• Confidence

• Laziness

What is one benefit of working for yourself?

• Guaranteed salary

• Being your own boss

• Regular paid vacation

• No financial risk

What does "scarcity" mean in economics?

• More supply than demand

• Abundant resources

• Limited resources with high demand

• Equal supply and demand

A P&L Statement shows:

• Your monthly budget

• Profits and losses over a time period

• Your marketing plan

• Only your income

What term describes money left over after costs are subtracted from sales?

• Revenue

• Expense

• Profit

• Asset

ROI stands for:

• Rate of Income

• Return on Investment

• Revenue on Inventory

• Record of Interest

Your “target market” refers to:

• Anyone with a credit card

• Friends and family

• Customers most likely to buy your product

• Global customers

Which of the following is an example of promotion?

• Logo

• Font style

• Coupon

• Website menu