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A Game of X’s and O’s

Rules• Only one person is asked and can answer• NO NOTES• Go around the room in order• 3 in a row wins the game• If no team gets three in a row, whichever team gets 5 marks wins the game• Best of 3 series• Winning team gets a bonus point

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X

O

Click Here ifX Wins

Click Here ifO Wins

1

T or F? Having adequate capital and a product or service that meets the needs of its customers

relates to business success or failure.

1

TRUEHome

2

T or F? Two of the four main entrepreneurial businesses is agricultural and

mining/extracting.

2

FALSEHome

3

Sam’s Club is identified best as what type of business?

3

Wholesaling BusinessHome

4

Mr. Ulmer purchased some clothes at the Under Armour outlet, which is a

____________ ___________

4

Retailing businessHome

5

T or F? Taking all of the risks associated with starting one’s own business is a disadvantage

of entrepreneurship.

5

TRUEHome

6

H&R Block (a tax service) is known as what type of entrepreneurial business?

6

Service businessHome

7

T or F? Past experiences is one of the sources of business ideas

7

TRUEHome

8

The plant where they make Harley Davidson motorcycles is known as which type of business?

8

Manufacturing businessHome

9

T or F? Working for a business owned by your family member makes you an entrepreneur.

9

FALSEHome

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X

O

Click Here ifX Wins

Click Here ifO Wins

1

Possibilities that arise from existing conditions is known as ______________

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OpportunitiesHome

2

The ability to learn a particular kind of job is known as ______________

2

AptitudeHome

3

People who own, operate, and take the risk of a business venture are known as

______________

3

EntrepreneursHome

4

A creative problem-solving technique that involves generating a large number of ideas

is known as…

4

BrainstormingHome

5

People who work for someone else are commonly known as _________________

5

EmployeesHome

6

The process of running a business of one’s own is known as this

6

EntrepreneurshipHome

7

Thoughts or concepts that come from creative thinking is known as

__________________

7

IdeasHome

8

Special meetings where companies of the same or related industry display their products is known

as _________ ___________

8

Trade ShowsHome

9

An evaluation of your strengths and weaknesses is called __________-_______________

9

Self-AssessmentHome

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X

O

Click Here ifX Wins

Click Here ifO Wins

1

T or F? Good communication, brainstorming, and learning from past mistakes can all help problem

solving skills.

1

TRUEHome

2

T or F? SMART goals should never be specific or realistic.

2

FALSEHome

3

T or F? A nonfinancial goal involves personal satisfaction over monetary

gain.

3

TRUEHome

4

T or F? A financial goal may include paying off debts and making money while in

business.

4

TRUEHome

5

T or F? It is highly unlikely entrepreneurs will face uncertain or irregular incomes especially when

starting up their business.

5

FALSEHome

6

T or F? According to the SBA’s Office of Advocacy, only 44% of new business

survive the first four years.

6

TRUEHome

7

T or F? The problem-solving process described in this chapter is broken down

into 6 steps.

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TRUEHome

8

T or F? An advantage to being an entrepreneur is having unlimited liability.

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FALSEHome

9

T or F? Keeping up to date with technology, laws, business trends, and opportunities is a bad

characteristic for entrepreneurs to have.

9

FALSEHome