Thinking like an entrepreneur can make you a better...

Better Employee, Better Student

What is in a balanced budget?

The amount you spend is equal or less to the amount you earn

What is a variable expense?

Expense that is different from month to month

What are federal taxes?

Payments you make to the US federal government

What are examples of WANTS?

Designer Shoes, A new pair of headphones, Your Favorite Candy

Mandatory payments you make to the state and local gov.

Money you earn from working at a job

What is take home pay?

Amount left over from your monthly paycheck after deductions

What is the main purpose of developing a business pitch?

Briefly share the most important information

What is the definition of an entrepreneur?

Someone who creates, owns, and potentially runs a business

What is a fixed expense?

Expense that typically does not change from month to month

What is a value proposition?

Features and benefits that make a product or business unique

What is startup capital?

Money you invest in supplies, marketing, and legal services

Medicare is federal health insurance for people over age 65

What are characteristics of successful entrepreneurs?

Initiative and Self-Direction, Creativity and Collaboration, Comfort with Risk

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Everfi Entrepreneurial Expedition

20 termsStudBud Administration37 plays

An #everfi #quiz to introduce the basics of #entrepreneurship to #grade8

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Questions 20

Answers

1
Thinking like an entrepreneur can make you a better...
Worse Student
Worse Employee
Better Employee
Better Student
2
What is in a balanced budget?
The amount you save is greater than the amount you earn.
The amount you save is less than the amount you earn.
The amount you spend is equal or less to the amount you earn
The amount you spend is greater than the amount you earn.
3
What is a variable expense?
Expense that is different from month to month
Expense that typically doesn't change from month to month
4
Which one of these is NOT considered a skill?
Determination Skills
Communication Skills
Business Skills
People Skills
5
What are federal taxes?
Money you earn from the US federal governement
Payments you make to the US federal government
Money you earn from working at a job
Payments you make to the state government where you live
6
What are examples of WANTS?
A place to live
Designer Shoes
A new pair of headphones
Your Favorite Candy
7
What are taxes?
None of the above
Optional payments you make to the state and local gov
Mandatory payments you make to the state and local gov.
8
Which of the following is NOT a true statement about business plans?
They should never be revised.
They can help lower the risk of starting a new business
They are created before starting a buisness
9
What is income?
Money you spend from working at a job
Money you earn from working at a job
Money you save from working at ajob
10
What is take home pay?
Amount left over from your monthly paycheck before deduction
Amount you earn each month in income minus what you save
Amount you earn each month in income minus what you spend
Amount left over from your monthly paycheck after deductions
11
What are taxes you must pay?
Medicare
Social Security
12
What is the main purpose of developing a business pitch?
To provide customers with an in depth description
Briefly share the most important information
13
What is the definition of an entrepreneur?
Someone who owns and makes profit from that business
Someone who manages a buisness
Someone who creates, owns, and potentially runs a business
None of the above
14
What is a fixed expense?
Expense that is different from month to month
Expense that typically does not change from month to month
15
What is a value proposition?
A component of the business plan that identifies the target
Features and benefits that make a product or business unique
All of the above
The cost of creating the product
16
What are some examples of assets?
Car
Time
Money
All of the above
17
What is startup capital?
Money you spend in supplies, marketing, and legal services
Money you invest in supplies, marketing, and legal services
18
Which of the following is NOT a fixed expense?
Cell Phone Bill
Rental Payment
Movie Tickets
Internet Service
19
What is Medicare?
Medicare is federal health insurance for people over age 65
Medicare is federal health insurance for people under age 65
Medicare is federal life insurance for people over age 65
Medicare is federal life insurance for people under age 65
20
What are characteristics of successful entrepreneurs?
Initiative and Self-Direction
Creativity and Collaboration
Aggressiveness and Intensity
Comfort with Risk

Everfi Entrepreneurial Expedition Flashcards | StudBud