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Economic Education
Enterprise - Age 11-14
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Q.1
If you want to come up with an idea for a new business which of these skills is most important?
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Being able to get a loan from a bank
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Being able to manage your employees
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Being able to see a gap in the market
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Being able to manufacture a product
Q.2
Which of these people would make the better entrepreneur?
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Someone who likes taking risks
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Someone who is cautious and careful
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Someone who likes to be told what to do
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Someone who is stubborn and set in their ways
Q.3
Why is communication a valuable skill for an entrepreneur?
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So they can present their ideas to investors
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So that they can give clear instructions to associates
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So they can form strong business contacts
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All of the above
Q.4
Which of these attributes would be most useful in an entrepreneur?
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Patience
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Perseverance
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Politeness
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Playfulness
Q.5
Which skill would allow a business to decide the right price for their product or service?
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Leadership
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Courage
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Marketing
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Time management
Q.6
Being able to prioritise would mean you would…
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… get the most important tasks done first
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… recognise your most important worker
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… become the most successful business
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… make the maximum profit
Q.7
Why is confidence a good trait for an entrepreneur?
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So that they can make difficult decisions
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So that they can believe in their product / service
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So that their associates will believe in them
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All of the above
Q.8
Which of these skills is necessary to inspire employees?
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Humility
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Leadership
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Intelligence
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Friendliness
Q.9
Which of these skills would not be of much use to an entrepreneur?
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Time management
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Money management
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Sock management
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Man management
Q.10
Networking is helpful to entrepreneurs. What is networking?
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Meeting other business owners
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Creating links with other business owners
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Sharing ideas with other business owners
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All of the above
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