Welcome to... A Game of X’s and O’s

Rules Only one person is asked and can answer NO NOTES Go around the room in order 3 in a row wins the game If no team gets three in a row, whichever team gets 5 marks wins the game Best of 3 series Winning team gets a bonus point

Scoreboard X O Click Here if X Wins Click Here if O Wins

1 T or F? Having adequate capital and a product or service that meets the needs of its customers relates to business success or failure.

1 TRUE Home

2 T or F? Two of the four main entrepreneurial businesses is agricultural and mining/extracting.

2 FALSE

3 Sam’s Club is identified best as what type of business?

3 Wholesaling Business

4 Mr. Ulmer purchased some clothes at the Under Armour outlet, which is a ____________ ___________

4 Retailing business

5 T or F? Taking all of the risks associated with starting one’s own business is a disadvantage of entrepreneurship.

5 TRUE

6 H&R Block (a tax service) is known as what type of entrepreneurial business?

6 Service business

7 T or F? Past experiences is one of the sources of business ideas

7 TRUE

8 The plant where they make Harley Davidson motorcycles is known as which type of business?

8 Manufacturing business

9 T or F? Working for a business owned by your family member makes you an entrepreneur.

9 FALSE

Scoreboard X O Click Here if X Wins Click Here if O Wins

1 Possibilities that arise from existing conditions is known as ______________

1 Opportunities Home

2 The ability to learn a particular kind of job is known as ______________

2 Aptitude

3 People who own, operate, and take the risk of a business venture are known as ______________

3 Entrepreneurs

4 A creative problem-solving technique that involves generating a large number of ideas is known as…

4 Brainstorming

5 People who work for someone else are commonly known as _________________

5 Employees

6 The process of running a business of one’s own is known as this

6 Entrepreneurship

7 Thoughts or concepts that come from creative thinking is known as __________________

7 Ideas

8 Special meetings where companies of the same or related industry display their products is known as _________ ___________

8 Trade Shows

9 An evaluation of your strengths and weaknesses is called __________-_______________

9 Self-Assessment

Scoreboard X O Click Here if X Wins Click Here if O Wins

1 T or F? Good communication, brainstorming, and learning from past mistakes can all help problem solving skills.

1 TRUE Home

2 T or F? SMART goals should never be specific or realistic.

2 FALSE

3 T or F? A nonfinancial goal involves personal satisfaction over monetary gain.

3 TRUE

4 T or F? A financial goal may include paying off debts and making money while in business.

4 TRUE

5 T or F? It is highly unlikely entrepreneurs will face uncertain or irregular incomes especially when starting up their business.

5 FALSE

6 T or F? According to the SBA’s Office of Advocacy, only 44% of new business survive the first four years.

6 TRUE

7 T or F? The problem-solving process described in this chapter is broken down into 6 steps.

7 TRUE

8 T or F? An advantage to being an entrepreneur is having unlimited liability.

8 FALSE

9 T or F? Keeping up to date with technology, laws, business trends, and opportunities is a bad characteristic for entrepreneurs to have.

9 FALSE