Business Edexcel - 1.5 Entrepreneurs and Leaders Flashcards

1

How can an entrepreneur anticipate risk/uncertainty?

2

"Having more of one variable means having less of another" is the definition of what?

3

"The cost of missing out on the next best alternative" is the definition of what?

4

Which of these is NOT a business objective?

5

Entrepreneurial characterisitics vs motives - which of these are an entrepreneurial motive?

6

There are 3 main roles of being an entrepreneur, which of these is NOT ONE of them?

7

"Someone who takes a risk and brings together factors of production" is the definition of what?

8

There are financial and non-financial motivators, which one of these is financial?

9

"To give the responsibility of a task to a subordinate" is the definition of what?

10

There are financial and non-financial motivators, which one of these is non-financial?

Business Edexcel - 1.5 Entrepreneurs and Leaders