Entrepreneurship

What is an entrepreneur?

• Someone who works for a company
  
  

• Someone who starts and runs a business to make a profit

• Someone who only buys products

• Someone who sells products only

Which of these is NOT a characteristic of an entrepreneur?

• Risk-taking

• Laziness

• Creativity

• Perseverance

What does making a profit mean?

• Spending more money than you earn

• Earning more money than you spent

• Buying things from others

• Selling things for less than their cost

Which action is NOT part of an entrepreneur’s work?

• Producing goods

• Selling goods

• Sleeping all day

• Buying materials

Which skill helps an entrepreneur to plan and organize their business?

• Leadership

• Cooking

• Driving

• Listening to music

Identify one product that an entrepreneur might produce.

Identify one service an entrepreneur might offer.

All entrepreneurs must sell physical products to be successful.

• True
• False

Entrepreneurs help grow the economy by creating jobs.

• True
• False

Good communication skills are important for running a business.

• True
• False