Quiz! for formative assessment

A ____ entrepreneur has innovative ideas for social change and solutions.

Kickstarter is a crowd sourcing platform where entrepreneurs can showcase their products and find backers.

___ focuses on recognizing a business opportunity, starting a business, and operating the business.

The first step to starting a business is having an idea.

A partnership is a single business where two or more people share ownership.

An entrepreneur is someone who exercises initiative by organizing a venture to take benefit of an opportunity.

A _____ works inside a company to develop an innovative idea or project that will enhance the company's future.

A serial entrepreneur has multiple start up businesses due to new ideas.

What type of ownership is the simplest form under which one person owns and operates a business?

A manufacturer produces the products they sell.

A _____ is an independent legal entity owned by shareholders.

The #1 reason a business fails is there is no need for the product or service in the market.

A disadvantage of being an entrepreneur is there may be financial restrictions until your business is successful.

Choose characteristics of a successful entrepreneur

A sole proprietorship is a legal business structure that is owned by three individuals.

Why would someone want to be an entrepreneur?

What type of entrepreneur business focuses on selling products directly to the consumer?

What type of entrepreneur business focuses on being organic?

Which is not one of the reasons businesses fail?

Benjamin Franklin was not a famous inventor or entrepreneur.