What is a non-profit organization?

Group organized for a purpose other than making profit

What is a silent partner?

Investor that does not make business decisions

What 2 classes are required before taking Entrepreneurship Class in High School?

Marketing and Business Concepts and Advanced Marketing

What is a partnership agreement?

Legal document that establishes the terms of the partnership

studbud

Entrepreneurship

15 termsStudBud Administration351 plays

What is Entrepreneurship?

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
What is a non-profit organization?
Group organized for a purpose other than making profit
Business that makes a profit
2
2 or more people own this type of business?
Corporation
Company
Sole Proprietorship
Partnership
3
What is the major project you complete in Entrepreneurship Class?
Making a poster
Model Store
Running a mile
Cooking food
4
A corporation has the right to enter into contracts including all of the following except:
Sue and be Sued
Hire Employees
Loan and Borrow Money
Civil Rights
5
What is the tagline for our store The Lodge?
Come on inn
Stay Cozy
Adventure Awaits
Come Visit
6
What is a silent partner?
A partner who doesn't receive any business gains
Investor that does not make business decisions
A partner in a company who doesn't talk
A partner who doesn't exist
7
Which type of business is owned by one person?
Franchise
Partnership
Sole Proprietorship
Corporation
8
What 2 classes are required before taking Entrepreneurship Class in High School?
Marketing and Business Concepts and Advanced Marketing
Sports and Entertainment Marketing and Advanced Marketing
Building Wealth and Marketing and Business Concepts
AP Lit and AP Stats
9
What is a real-life example of a Corporation?
Features
Adidas
Coaches Corner
Warner Bros. Pictures
10
Which of these is not one of the main 3 things you learn in Entrepreneurship?
Fixing a Car
Startup steps to opening a small business
Legal Requirements
Promoting and Financing
11
Who creates a corporation?
Group of Shareholders
2 people
1 Person
12
What is a partnership agreement?
Legal document that establishes the terms of the partnership
A non-legal document
There is no such thing as a partnership agreement
A disagreement between partners
13
What is the best example of Entrepreneurship?
Donating to a charity
Being promoted
Starting a new business
Buying a game
14
What is the name of our 2017 Model Store?
The Lodge
The Cabin
Legacy
Peak
15
Which one is not a good characteristic of a Entrepreneur?
Good Communication Skills
Creative
Passionate
Selfish

Entrepreneurship Flashcards | StudBud