Common Forms of Entrepreneurship


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question 1 of 3

Someone who creates a new product to sell and takes on all of the risks and responsibility is known as what?

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1. Which one is TRUE about an entrepreneurship?

2. Local grocery stores and hair salons are examples of what type of entrepreneurship?

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About This Quiz & Worksheet

This quiz and worksheet assess what you understand about entrepreneurs and entrepreneurship. You'll review different types of entrepreneurs and common characteristics of these types of people.

Quiz & Worksheet Goals

This quiz and worksheet is designed to test what you know about:

  • Common characteristics of entrepreneurship
  • The type of entrepreneurship grocery store and hair salons are
  • Entrepreneurs that solve crises in the world
  • The type of entrepreneur who is focused on growing with financial backing

Skills Practiced

  • Information recall - see if you can remember the name of a person who creates a new product to sell and takes all the risks and responsibility
  • Distinguishing differences - compare and contrast the different types of entrepreneurs
  • Knowledge application - review what you know about local businesses to answer a question about what type of entrepreneurship they would be considered

Additional Learning

You'll find a more comprehensive review of this topic in the lesson, Common Forms of Entrepreneurship. This lesson offers a deeper explanation of:

  • Responsibilities of an entrepreneurs
  • The four types of entrepreneurship
  • How small business entrepreneurs often fund their company
  • They types of employees startups hire
  • The focus of large company entrepreneurship