Entrepreneurship

Front

The act of assuming the risk of organizing productive resources to produce goods and services.

Back

entrepreneurship

Front

Which one of these is NOT a characteristic of an entrepreneur? Options: risk taker, idea person, generalist, specialist

Back

specialist

Front

What is a disadvantage of being an entrepreneur?

Back

You do not always receive a regular paycheck

Front

Most entrepreneurs work long hours, but they create their own schedule.

Back

True

Front

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

Back

Creative

Front

The development of the idea for the business is called

Back

Conceptualizing, Conceptualization

Front

The setting up of the business, deciding on the best location, identifying suitable premises, employing workers describe

Back

organizing

Front

The owner must ensure that the business is assessed and make changes where necessary.

Back

Evaluating

Front

_________ is the term used to describe money invested in a business.

Back

capital

Front

The owners desire to gain wealth describes ____________. (reason for starting a business)

Back

income