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ARE YOU FINANCIALLY LITERATE? CHAPTERS 9-11

15. Below are the names of famous American entrepreneurs and the age at which they created their product. Match the entrepreneur to their venture. Mark Zuckerburg, 21 Facebook Sergy Brin, age 25 Amazon Steve Jobs, age 21 Harley Davidson Steve Wozniak, age 26 Google Jeff Bezos, age 30 Apple William Harley, age 21 Apple 16. What is the average age of these innovators at the time they created their product? _____ 17. To use make, sell, or use the intellectual property belonging to another person, you must obtain a ________________, which is written permission from the patent, trademark, or copyright owner. a. permission slip b. lease c. prescription d. license 18. Ina the Innovator was talking to Bruno Bucks, a wealthy entrepreneur. She told him “We are currently in R&D and should have a prototype within a month.” What does R&D mean? _ ___________________________________________________ What is a prototype? _ ____________________________________________________ 19. Ina the Innovator described her company as a startup . What is that? research and development early sample or test model of a product 24 PRODUCT PREVIEW

6 PTS ___

1 PT ___ 1 PT ___

1 PT ___

2 PTS ___

a. a business in its early stages b. a business with a new product c. an established, operating business d. a tech business of any age

3 PTS ___

20. List 3 famous trademarks: _ ____________________________________________________________________ _ ____________________________________________________________________ McDonalds’ Golden arches, the Apple for Apple computer, the Starbucks green siren , the Mercedes logo, the CocaCola sign …

Assessment 216

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