Intro To Entrepreneurship

A form of business owned and operated by one person who funds, manages and gets profits

Someone who creates, launches, organizes, and manages a new business.

Which is a disadvantage of entrepreneurship?

Which is an advantage of being an entrepreneur?

A form of business considered its own legal entity and owned by stockholders

The process of starting and operating your own business is...

An owner of a public corporation with limited liability.

What are the four legal forms of business organization?

Registration which county government recognizes that a new proprietorship/partnership exists.

A license to operate an individually-owned business as if it was part of a large chain.

Identifies the name & address of a new corporation, its purpose and the amount of stock issued

Which of the following is not a skill or characteristic of an Entrepreneur?

An investment in which the owners ' personal assets cannot be taken if a company goes under

Hybrid of a partnership and corporation. Owners are protected from personal liability

The creativity, self-confidence and adaptability needed to create a successful business

Two or more people jointly responsible for the success or failure of a company.

What is the most common form of business?

When an owner’s liability can go beyond what is invested in the business to personal funds

Why is an entrepreneur important to the economy?

Which is not a way to become a business owner?