Make the Cut
Famous Entrepreneurs
Money Smart
Rewards & Risks
Starting a Business
100
How old do you have to be to become an entrepreneur?
Any age, no limit
100
Who is the founder of JC Penney stores?
JC Penney
100
Who was on the $1,000 bill when it was still being printed?
Grover Cleveland
100
Give an example of a reward when starting a business.
prizes, money, success
100
What is one important factor when starting a business?
money, location, finance
200
What are the two things a business can sell?
a product and/or service
200
Who is the founder of Microsoft?
Bill Gates
200
Is the current U.S. personal savings rate a positive or negative number?
negative, declining since 1980's.
200
What are some things that could happen if a risk occurs?
business failure, extreme money loss, deep debt
200
What is a way to become a business owner?
take over a family business, start a business, buy an existing business
300
What are 2 qualities required to be an entrepreneur?
determination, hard work, perseverance, leadership
300
This man owned a massive steel industry in the 1900s, and donated over $350 million to charity.
Andrew Carnegie
300
How much is a penny worth, more or less than 1 cent?
more than 1 cent; almost worth 5 cents!
300
Give an example of a risk when starting a business.
money loss, failure, bankruptcy
300
What are some ways to help finance your business?
government backed loans, grants, borrow money
400
What is something an entrepreneur needs to be conscious of?
the economy, the market, regulations
400
Who is the founder of Walmart and Sam's Club?
Sam Walton
400
If your credit card is stolen, federal law says that you’re responsible for what amount of any fraudulent charges?
$50, but sometimes varies with different companies
400
What is a country's economic system where the country's trade is controlled by private owners for profit, rather than by the state?
capitalism
400
Is there a 50% chance your business won't be around in 5 years?
Yes
500
What are the trends a business must go through called?
the business cycle; expansion, recession, depression, and recovery
500
Who is the founder of Berkshire Hathaway? (Hint: Nebraska native!)
Warren Buffett
500
A credit report is:
your borrowing and bill payment history
500
How can you reduce the amount of risks in your business or entrepreneurship?
careful planning
500
What are traditional loans offered by the bank called?
commercial loans
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