Financial Literacy Quiz 5 Grades 7-9

Watch the following video and answer the questions that follow: https://finlit101.ca/en/topic/contributions-of-entrepreneurs

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* 1. Based on the video, what are the key contributions of entrepreneurs?

Entrepreneurs create jobs.

Entrepreneurs help economy grow.

Entrepreneurs help with competitive pricing

All of the above

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* 2. Describe a social venture?

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* 3. What skills do you have that entrepreneurs have? Which ones do you want to develop?

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* 4. Gervan has an idea for a new venture but he is not sure where to begin. His teacher told him about the local incubator. How might an incubator help Gervan in starting a new venture?

An incubator can help with business planning.

An incubator can help with connections to start up financing.

An incubator can help with networking.

All of the above.

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* 5. Gervan is a high school student. What challenges do you think Gervan might face as an entrepreneur?

Watch the following video and answer the questions that follow: http://cfeespiritofadventure.com/entrepreneurs/hilda-broomfield-letemplier

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* 6. Hilde refers to herself as Chief cook and bottle washer. What does this expression mean?

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* 7. What is Hilde's prime motivation as an entrepreneur?

Make money

See the growth and development of her employees

Be recognized as a female entrepreneur

Compete with other entrepreneurs

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* 8. Both Gervan and Hilde face challenges as entrepreneurs. What are they?

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* 9. Mutiat sees herself as an entrepreneur. She believes she has the skills and attitudes for success. What she does not have is an idea for a new venture. How should Mutiat go about finding an idea for a new venture?

Drill down to figure out what she is passionate about

Observe people who are happy, angry or frustrated with a product or service

Look for patterns of behaviour

All of the above

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* 10. Hilde owns a large for profit company that is incorporated. What other forms of business ownership are available?

Sole Proprietorship

Partnership

Cooperative

Franchise

All of the above

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* 11. Which form of ownership will Gervan and Mutiat likely begin with?

Cooperative

Corporation

Sole Proprietorship

None of the above

Financial Literacy Quiz 5 Grades 7-9

Question Title

* 1. Based on the video, what are the key contributions of entrepreneurs?

Question Title

* 2. Describe a social venture?

Question Title

* 3. What skills do you have that entrepreneurs have? Which ones do you want to develop?

Question Title

* 4. Gervan has an idea for a new venture but he is not sure where to begin. His teacher told him about the local incubator. How might an incubator help Gervan in starting a new venture?

Question Title

* 5. Gervan is a high school student. What challenges do you think Gervan might face as an entrepreneur?

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* 6. Hilde refers to herself as Chief cook and bottle washer. What does this expression mean?

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* 7. What is Hilde's prime motivation as an entrepreneur?

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* 8. Both Gervan and Hilde face challenges as entrepreneurs. What are they?

Question Title

* 9. Mutiat sees herself as an entrepreneur. She believes she has the skills and attitudes for success. What she does not have is an idea for a new venture. How should Mutiat go about finding an idea for a new venture?

Question Title

* 10. Hilde owns a large for profit company that is incorporated. What other forms of business ownership are available?

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* 11. Which form of ownership will Gervan and Mutiat likely begin with?

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* 12. As an entrepreneur, you will wear many hats within your enterprise. How would you be able to find balance in your life?