Question 1(Multiple Choice Worth 5 points)
(01.03 MC)
Choose the best example of an advantage of being self-employed.
Beth can plan for her bills because she knows exactly how much she will earn each month.
Dalila can use the money she saves on taxes to buy more supplies.
Nigel can follow his passion for styling hair to earn a living.
Simon can take a vacation and not have to worry about missed income.
Question 2(Multiple Choice Worth 5 points)
(01.03 MC)
Which of the following is the best example of someone who chose to be an entrepreneur so they could do what they love?
Sheldon was concerned about safety, so he designed a material to put under the playground equipment in his neighborhood to protect children when they fall.
Paige works in IT but invented a self-cleaning computer keyboard on the side. Because of her hard work and willingness to take risks, she will not be limited on how much money she can earn.
Aria designs custom dog strollers. Since she works during the day, she has adjusted her schedule so she can build the strollers at night.
Saylor is passionate about her heritage, so she designed a clothing line inspired by her culture.
Question 3(Multiple Choice Worth 5 points)
(01.03 LC)
An advantage of self-employment is that you
can have a steady income
can take paid time off
have lower taxes
have no limits to your income
Question 4(Multiple Choice Worth 5 points)
(01.03 LC)
Which of the following best represents a reason someone may become an entrepreneur?
They have conventional and unimaginative ideas.
They prefer a corporate environment.
They want a flexible lifestyle.
They want to avoid challenges.
Question 5(Multiple Choice Worth 5 points)
(01.03 LC)
A disadvantage of self-employment is that you
can't choose your work environment
can't make your own hours
have a limit on your income
may have higher taxes
Question 1: Nigel can follow his passion for styling hair to earn a living.
Question 2: Sheldon was concerned about safety, so he designed a material to put under the playground equipment in his neighborhood to protect children when they fall.
Question 3: have no limits to your income.
Question 4: They want a flexible lifestyle.
Question 5: may have higher taxes.