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Entrepreneurship
Entrepreneurship
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#Entrepreneurship
Flashcards
42 cards
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Questions
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Answers
1
What will protect your business' name or logo?
Patent
Trademark
Capital
Copyright
2
The money or wealth needed to produce goods and service for your business is called
Trademark
Patent
Capital
Resourcing
3
A business undertaking involving risk
Entrepreneur
Venture
Innovation
Business Plan
4
The stage in the Entrepreneurial Process when the entrepreneur GETS the needed resources
Resourcing
Discovery
Actualization
Harvesting
5
An entrepreneur that looks for challenging opportunities and isn't afraid to take risks is
self-confident
a risk - taker
independent
creative
6
A set of rules/procedures used to guide the behavior of an individual, a business, or a culture
Innovation
Code of Ethics
Demographics
Concept Development
7
You are interviewing and hiring employees for your soon to open business. This is the
"Actualization" stage
"Resourcing" stage
"Harvesting" stage
"Discovery" stage
8
The stage of the Entrepreneurial process where the entrepreneur studies the market is called
Harvesting
Discovery
Concept Development
Resourcing
9
Entrepreneurs must solve problems and make hard decisions every day
communication skills
basic business skills
problem-solving skills
human relations skill
10
Your business is now up and running and utilizing the resources you have acquired. What stage?
Actualization
Resourcing
Harvesting
Concept Development
11
Creating a detailed Business Plan is part of what stage of the Entrepreneurial Process.
Harvesting
Actualization
Concept Development
Discovery
12
Entrepreneurs must have a basic understanding of the economy, finance, marketing and management
basic business skills
problem-solving skills
communication skills
human relations skills
13
You are applying for and receiving loans to open your business. This is part of what stage?
Actualization
Discovery
Harvesting
Resourcing
14
What is entrepreneurship?
The process of finding potential investors.
The process of starting and running one's own business.
The process of surveying consumers.
The process of developing a business plan.
15
The stage in the Entrepreneurial Process when plans are made to protect intellectual property
Concept development
Actualization
Resourcing
Discovery
16
You have written your first novel. What will protect your creative work?
Copyright
Patent
Trademark
17
An idea that has commercial value is called
Mission Statement
Opportunity
Innovation
Discovery
18
You start a new job. You receive a written description of the purpose of the company called the
Discovery
Business plan
Mission statement
Innovation
19
Entrepreneurs must have good computer skills. These are
basic business skills
technical skills
communication skills
math skills
20
This business is sometimes referred to as a "mom and pop" type business
Small business
Franchise
Corporation
Entrepreneurship
21
When you apply principles of right and wrong to situations in the work place these are called
Business Plans
Opportunities
Business Ethics
Mission Statements
22
An entrepreneur that wants to make their own decisions and follow their own schedule is
goal - oriented
inquisitive
independent
a risk taker
23
Data that describes a group of people in terms of their age, race, gender, marital status, etc
Demographics
Business Ethics
Resourcing
Venture
24
Your business has been running for three years. You are looking to expand. What stage is this?
Resourcing
Discovery
Harvesting
Actualization
25
An entrepreneur that is accountable for his/her actions and does what is required is
creative
inquisitive
responsible
self - confident
26
An entrepreneur that is curious and not afraid to do research to better the company is
inquisitive
a risk - taker
persistent
independent
27
An entrepreneur that believes in himself/herself is
independent
creative
self - confident
goal - oriented
28
You have invented a brand new and very different digital camera. You could refer to this as
a venture
a patent
an innovation
an opportunity
29
The stage of the Entrepreneurial Process when the entrepreneur plans the venture
Discovery
Actualization
Concept development
Resourcing
30
Entrepreneurs must get along with others and enjoy meeting and talking to people. These are
math skills
basic business skills
human relations skills
communication skills
31
A detailed proposal that describes a new business is a
Business Plan
Venture
Executive Summary
Patent
32
Capital and resources needed to start a new business are called
Start - up resources
Innovations
Trademarks
Business Plans
33
Entrepreneurs must have good writing, speaking, and listening skills. These are
problem - solving skills
communication skills
math skills
basic business skills
34
Sarah isn't sure how to appropriately deal with an angry customer. She could find this is the
Business Plan
Innovation
Mission statement
Code of Ethics
35
An entrepreneur that develops a plan of action and makes decisions to help achieve that plan is
self - confident
a risk taker
inquisitive
goal - oriented
36
The stage in the entrepreneurial Process when the entrepreneur IDENTIFIES needed resources
Resourcing
Actualization
Discovery
Concept Development
37
You just invented a new type of ski boot. What would protect your invention?
Trademark
Patent
Copyright
38
This is a brief description of the key points of a Business Plan
Venture
Executive Summary
Code of Ethics
Business Plan
39
An entrepreneur that works until the job is done and is determined to overcome problems is
inquisitive
persistent
self - confident
creative
40
Entrepreneurs must have arithmetic and basic record keeping skills. These are
problem-solving skills
communication skills
math skills
basic business skills
41
An entrepreneur that is constantly looking for new ways to solve problems is
self - confident
independent
responsible
creative
42
You are having a grand opening for your business. The is part of what stage?
Concept Development
Discovery
Harvesting
Actualization