Vocabulary for Describing Entrepreneurship and Start-ups
This quiz is designed to test your knowledge of vocabulary related to entrepreneurship and start-ups. The quiz contains multiple-choice questions. Read each question carefully and select the correct answer. At the end of the quiz, your score will be revealed – Good luck!
- What is an entrepreneur?
A. An individual who takes on financial risk to start a business
B. An individual who creates a product or service
C. An individual who provides financial advice to businesses
D. An individual who invests in existing businesses
- What is a startup?
A. A business that is newly incorporated and in the early stages of development
B. A business that is publicly traded
C. A business that is owned by the government
D. A business that has been in existence for more than 10 years
- What is venture capital?
A. Money invested into a business by its current owners
B. Money invested into a business by a bank
C. Money invested into a business by a wealthy individual or group of investors
D. Money invested into a business by a government agency
- What is the purpose of a business plan?
A. To provide a blueprint for a business to follow
B. To attract investors to a business
C. To provide legal advice to a business
D. To provide financial advice to a business
Hope and Expectations:
We hope that you have learned and strengthened your knowledge of vocabulary related to entrepreneurship and start-ups. Upon completion of this quiz, we expect that you can articulately discuss different topics related to entrepreneurship and start-ups with confidence.