1. Welcome to... A Game of X’s and O’s

2. 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

3. 789 456 123

4. 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins

5. 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.

6. 1 TRUE Home

7. 2 T or F? Two of the four main entrepreneurial businesses is agricultural and mining/extracting.

8. 2 FALSE

9. 3 Sam’s Club is identified best as what type of business?

10. 3 Wholesaling Business

11. 4 Mr. Ulmer purchased some clothes at the Under Armour outlet, which is a ____________ ___________

12. 4 Retailing business

13. 5 T or F? Taking all of the risks associated with starting one’s own business is a disadvantage of entrepreneurship.

14. 5 TRUE

15. 6 H&R Block (a tax service) is known as what type of entrepreneurial business?

16. 6 Service business

17. 7 T or F? Past experiences is one of the sources of business ideas

18. 7 TRUE

19. 8 The plant where they make Harley Davidson motorcycles is known as which type of business?

20. 8 Manufacturing business

21. 9 T or F? Working for a business owned by your family member makes you an entrepreneur.

22. 9 FALSE

25. 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins

26. 1 Possibilities that arise from existing conditions is known as ______________

27. 1 Opportunities Home

28. 2 The ability to learn a particular kind of job is known as ______________

29. 2 Aptitude

30. 3 People who own, operate, and take the risk of a business venture are known as ______________

31. 3 Entrepreneurs

32. 4 A creative problem-solving technique that involves generating a large number of ideas is known as…

33. 4 Brainstorming

34. 5 People who work for someone else are commonly known as _________________

35. 5 Employees

36. 6 The process of running a business of one’s own is known as this

37. 6 Entrepreneurship

38. 7 Thoughts or concepts that come from creative thinking is known as __________________

39. 7 Ideas

40. 8 Special meetings where companies of the same or related industry display their products is known as _________ ___________

41. 8 Trade Shows

42. 9 An evaluation of your strengths and weaknesses is called __________-_______________

43. 9 Self-Assessment

46. 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins

47. 1 T or F? Good communication, brainstorming, and learning from past mistakes can all help problem solving skills.

48. 1 TRUE Home

49. 2 T or F? SMART goals should never be specific or realistic.

50. 2 FALSE

51. 3 T or F? A nonfinancial goal involves personal satisfaction over monetary gain.

52. 3 TRUE

53. 4 T or F? A financial goal may include paying off debts and making money while in business.

54. 4 TRUE

55. 5 T or F? It is highly unlikely entrepreneurs will face uncertain or irregular incomes especially when starting up their business.

56. 5 FALSE

57. 6 T or F? According to the SBA’s Office of Advocacy, only 44% of new business survive the first four years.

58. 6 TRUE

59. 7 T or F? The problem-solving process described in this chapter is broken down into 6 steps.

60. 7 TRUE

61. 8 T or F? An advantage to being an entrepreneur is having unlimited liability.

62. 8 FALSE

63. 9 T or F? Keeping up to date with technology, laws, business trends, and opportunities is a bad characteristic for entrepreneurs to have.

64. 9 FALSE