Fundamentals of Entrepreneurship

A business that operates apart from its owners and issues shares of stock to raise capital.

This type of business is easy to start, but conflicts could cause the business to dissolve.

A type of business where the owners' assets are protected from liability and a board of directors makes decisions.

Which of the following is a risk associated with entrepreneurship?

The money left over after all expenses have been paid is called

A business committed to sustainability or protecting the earth's resources is called:

This type of business is a legal entity that makes money for reasons other than the owner's profit

A partner in a business whose liability is limited to the amount of the investment

A participant in a partnership who has unlimited personal liability and takes responsibility

Which of the following is NOT considered a characteristic of a successful entrepreneur?

Someone who owns shares of stock in a corporation is called a

In a free enterprise system, which of the following Is NOT a right?

This type of business is taxed like a partnership and can have no more than 75 stockholders.

This type of business is easy to start but the owner's death may dissolve the business.

A small, specialized segment of a market based on customer needs is called:

A business that is owned by one person with unlimited liability is called:

Hiring people to handle tasks a business cannot or will not do itself is called:

A business that offers intangible products and performs tasks for people is called:

In this type of business the owners have limited liability and some tax benefits.

Which of the following is considered a possible reward of entrepreneurship?

An unincorporated business with two or more owners who share decisions, liabilities and profits

An individual who assumes the risk of owning a business is called a(n)

Personal characteristics like age, gender, ethnicity, marital status, etc.