Entrepreneurship Final Exam

Front

The capacity and motivation to deploy a business venture that involves risk in order to make a profit.

Back

Entrepreneurship

Front

The art of taking financial risks in order to make a profit.

Back

Entrepreneurial

Front

An individual who founds and runs a business assuming all of the risks and rewards of the venture.

Back

Entrepreneur

Front

A state of mind in which one conducts him/her self to entrepreneurial activities.

Back

Entrepreneurial Mindset

Front

Entrepreneurs abandon steady paychecks. This is known as a _____________ that they accept.

Back

Risk

Front

Independence and enjoyment are potential _______________ from entrepreneurship.

Back

Rewards

Front

The greater the risk the greater the reward and vice-versa is known as______________.

Back

Risk/Reward Tradeoff

Front

An organization that operates to aid in some social effort, they do not retain any profits from commerce.

Back

Non-Profit

Front

Goods are _____________ products that have monetary value.

Back

Tangible

Front

One can analyze an opportunity by all of the following except: Competition, Domestic and International Market Scope, Self and Team Assessment

Back

Distributing Assets