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Entrepreneurship Chap. 1 Flashcards | StudBud
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Entrepreneurship Chap. 1
What percent of business owners were under 25 years old?
Skill
Entrepreneurship Chap. 1
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Answers
1
Skill
An ability that’s learned through training and practice
thinks or acts like an entrepreneur
A way of viewing or thinking about something
Natural ability for a particular type of work/activity well
2
What percent of business owners were under 25 years old?
35
2
none
25
3
Green Company
An organization that provides products/ services - profit
thinking about something that affects how you feel about it
business practices that protects or improves the environment
Evaluating one’s strengths and weaknesses
4
Choose the answer that is NOT a characteristic of an entrepreneur.
Honesty
Determination
Impatience
Empathy
5
Employee
one who creates and runs a business
works in a business not owned by them
works like an entrepreneur
owns the business
6
Business
entity that offers only services
organization that provides products/ services- profits
entity that offers only products
process of being an entrepreneur
7
Vision
Picture of what you want the future to be like
20/20
something I see in my head
Past picture of what you did
8
Entrepreneurial
Thinks or act like an entrepreneur
Process of being an entrepreneur
Evaluating one’s strengths and weaknesses
One who creates and runs a business
9
A personal characteristics of an entrepreneur is...
discipline
problem solving
doing work you enjoy
financial insecurity
10
Two of the risk taken by an Entrepreneur are...
Failure/Hard Work
Making too much money/Math
Paying Tax/ Bills
Lottery/Missing Lunch
11
To think like an entrepreneur you should...
Observe, Listen, Think
Live, Love, Laugh
Criticize, Complain, Critique
Make sure you like working alone
12
A small business has fewer than ___ employees.
100
1
1,000
10
13
Where do entrepreneurs get money for their business?
Themselves
Family
Government
Answer 1 and 2
14
A reward of being an entrepreneur is...
decision making
answering to the boss
financial insecurity
being own boss
15
Intrapreneurship
more than one entrepreneur in a business
home based business with one entrepreneur
to be creative and try out new ideas at work
earning skills on the job
16
Entrepreneurship
A person who works in a business not owned by them
owning a business
Thinks or act like an entrepreneur
Process of being an entrepreneur
17
Mentor
gives free guidance, tutoring & ideas for achieving goals
Follows you around and gives advice
pay to help one achieve goals
your mom
18
Internship
provides products or services to make a profit
on-the-job training in a business setting
a map to success
A technical or trade skill is taught
19
Attitude
high mountain peak
thinking/viewing something & how you feel about it
Natural ability- do a particular type of work/activity well
Evaluating one’s strengths and weaknesses
20
Aptitude
yelling at your mom
natural ability
skills
must work on ability
21
Which answer is NOT a skill of an entrepreneur?
Curiosity
Math
Communication
Computer
22
Self-assessment
An ability that’s learned through training and practice
A person who works in a business not owned by them
Evaluating one’s strengths and weaknesses
Thinks or act like an entrepreneur
23
Apprenticeship
Provides free guidance achieving your goals
A technical/trade skill is taught; some college courses
college student
ability that’s learned through training and practice
24
Entrepreneur
Process of being an entrepreneur
Gives employees opportunities to be out new ideas
Thinks or act like an entrepreneur
One who creates and runs a business
25
What percent of business owners had some college?
a lot
10
64
50
