Financial Literacy Quiz 5 Grades 10-12

Watch the following video and answer the questions that follow: https://finlit101.ca/en/topic/the-hunt-for-opportunity

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* 1. Where does the video suggest that entrepreneurs can identify an opportunity?

Identify needs and wants and problems people have

Identify shortages of products or services

Improve upon products and services currently available

All of the above

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* 2. The video suggests that you train your brain to identify opportunities. How?

Look

Listen

Read

Talk

All of the above

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* 3. Are entrepreneurs born or made? Give a rationalization for your choice.

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* 4. What are the different forms of business ownership?

Sole Proprietorship

Partnership

Corporation

Cooperative

Franchise

All of the above

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* 5. Canada is a leading country for number of franchises. What is a franchise?

Duplication of a successful business by another business owner

A sole proprietorship

A large chain of outlets

A partnership between two entrepreneurs

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* 6. Franklin has identified an opportunity for a new venture. Before he undertakes his idea, he is going to do a SWOT analysis. What is a SWOT analysis?

An examination of the market

Strengths, weaknesses, opportunities, and threats

Self, wealth, opportunities and tricks

Skills, watching, options and travel

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* 7. What strengths do you think Franklin needs to be successful as an entrepreneur?

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* 8. From the list of strengths you prepared for Franklin, how many of these strengths do you have?

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* 9. Yael works for a large corporation. She has brought many innovative ideas forward to the company owners, and they have implemented most of the ideas. What can Yael be referred to within this company?

An entrepreneur

An intrapreneur

A star employee

A partner

Watch the following video and answer the questions that follow: http://cfeespiritofadventure.com/entrepreneurs/kendal-netmaker

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* 10. What is Kendal's mission?

To make a profit

To help youth in his community play sports

To pay back his friend who helped him play sports

None of the above

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* 11. Kendal entered and won a business plan competition. How did this help him get started in this venture?

He prepared a business plan for the competition

He used his winnings to purchase his first products to customize

He learned that his idea was worth pursuing

All of the above

Financial Literacy Quiz 5 Grades 10-12

Question Title

* 1. Where does the video suggest that entrepreneurs can identify an opportunity?

Question Title

* 2. The video suggests that you train your brain to identify opportunities. How?

Question Title

* 3. Are entrepreneurs born or made? Give a rationalization for your choice.

Question Title

* 4. What are the different forms of business ownership?

Question Title

* 5. Canada is a leading country for number of franchises. What is a franchise?

Question Title

* 6. Franklin has identified an opportunity for a new venture. Before he undertakes his idea, he is going to do a SWOT analysis. What is a SWOT analysis?

Question Title

* 7. What strengths do you think Franklin needs to be successful as an entrepreneur?

Question Title

* 8. From the list of strengths you prepared for Franklin, how many of these strengths do you have?

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* 9. Yael works for a large corporation. She has brought many innovative ideas forward to the company owners, and they have implemented most of the ideas. What can Yael be referred to within this company?

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* 10. What is Kendal's mission?

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* 11. Kendal entered and won a business plan competition. How did this help him get started in this venture?

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* 12. What components would Kendal have included in his business plan?