Entrepreneurs Quiz for Elementary Students

📚 Quick Study Guide

• 💰 Entrepreneur: Someone who starts and runs a business.
• 💡 Business: An activity of making, buying, or selling goods or services.
• 📈 Profit: The money a business earns after paying all its expenses. It shows how well the business is doing!
• 🎯 Goal: What you want to achieve with your business.
• 🤝 Customer: Someone who buys goods or services from a business.
• 🎨 Product: Something that is made or grown to be sold.
• 📣 Service: Work done for others as a form of business.

🤔 Practice Quiz

1. What is someone called who starts their own business?
   1. A. Employee
   2. B. Entrepreneur
   3. C. Manager
   4. D. Customer
2. What is something a business sells to people?
   1. A. A Problem
   2. B. A Product or Service
   3. C. A Loss
   4. D. A Wish
3. If a business earns more money than it spends, what is it called?
   1. A. Debt
   2. B. Loss
   3. C. Profit
   4. D. Expense
4. Who buys goods or services from a business?
   1. A. The Owner
   2. B. The Supplier
   3. C. The Customer
   4. D. The Investor
5. Which of these is an example of a service?
   1. A. Selling lemonade
   2. B. Mowing lawns
   3. C. Making cookies
   4. D. Building houses
6. What is something you want to achieve with your business?
   1. A. A Goal
   2. B. A Failure
   3. C. An Accident
   4. D. A Surprise
7. Which of these is the BEST example of a product?
   1. A. Teaching a class
   2. B. Giving a haircut
   3. C. Selling handmade crafts
   4. D. Walking a dog