1) (KRP) Capital, risk, and profit are characteristics of: a) Business owners b) Athletes c) Parents d) Employees 2) Business ownership is as old as: a) Human society b) The invention of the internet c) The end of World War II d) The beginning of the 21st century 3) Innovation is: a) Transforming old ideas into new useful forms b) Investing in Bitcoin c) Hard work by an employee d) Saving money in the bank or buying stocks 4) The importance of business ownership is: a) Increasing employment and wealth in society b) Letting others work for us c) Higher investment in real estate d) Protecting the environment 5) A characteristic of a successful business owner is: a) Hard work b) Taking extreme risks c) Being wealthy d) Being young and fearless 6) A characteristic of an employee is: a) Works for a salary b) Decides independently on business matters c) Takes business risks d) Works whenever and however much they want 7) A characteristic of a business owner is: a) Takes business risks b) Has set working hours c) Receives a fixed salary d) Follows instructions only 8) A business owner’s motive to start a business is NOT: a) Finding a safe and easy job b) Profit or money c) Freedom in work d) A better life and helping family

Business Ownership Knowledge Test (Entrepreneurs)

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