stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Entrepreneurship #4 - Social Entrepreneurship Flashcards | StudBud
Explore
/
Entrepreneurship #4 - Social Entrepreneurship
Entrepreneurship #4 - Social Entrepreneurship
11 terms
·
StudBud Administration
·
626 plays
#giveback
Flashcards
11 cards
F
Practice quiz
P
Host live
L
Questions
11
Answers
1
In franchising, the entrepreneur assumes fewer risks because the franchise provides all but:
no franchise fee
established market for the product
management assistance
favorable image of the business
2
A young adult is thinking about opening a bakery. Which of these is
NOT
a good early step?
getting a mentor
estimating the target market
immediately putting down a deposit for storefront property
creating a business pitch
3
One who gives "good will" to the human race, usually in monetary form is called a _______.
confidante
self-seeking individualist
miser
philanthropist
4
The franchisor gets paid a _____ for someone to use their brand/trademark.
royalty
bid
principle
reward
5
Which one is
NOT
considered a common characteristic of an entrepreneur?
self-sacrifice
good managerial skills
lack of self-control
innovative spirit
6
When innovators go out of their way to meet people & to hear different ideas, they are _____.
observing
questioning
associating
networking
7
Social entrepreneurs develop, fund and implement solutions to:
environmental issues
social issues
cultural issues
all of these!
8
The formal statement of a company's intent, value and goals is called the:
mission statement
company's reputation
determining factor
manager voice
9
What is one reason why many people decide to become entrepreneurs?
to have less responsibility
to be their own boss
to work long hours
to assume less risk
10
The benefits of a good mission statement are that it:
is a wordy statement & talks about business strategy
is vague and it stresses company profits
uses complicated wording & tries to attract the public
provides focus & helps attract customers
11
A person who provides money to a start-up business is called:
a union member
a bank investor
an angel capitalist
a venture capitalist
