Unit 1: Entrepreneurship

Front

A person who works in a business owned by someone else

Back

employee

Front

These are all characteristics of an entrepreneur, except: Flexible, Confidence, Innovative, Lazy

Back

Lazy

Front

The chance of danger or loss

Back

Risk

Front

A person who organizes and runs his or her own business

Back

entrepreneur

Front

All of the following are disadvantages of entrepreneurship, except: Risk (potential business failure), Financial insecurity (no stable paycheck), Family time, Long hours and hard work

Back

Family time

Front

All of the following are advantages of entrepreneurship, except: isolation, independence (make own rules), control (no limit on wealth or growth), personal satisfaction (doing work you enjoy)

Back

isolation

Front

What are taxes?

Back

Mandatory payments made to the government

Front

Which of the following is a fixed expense? gas, groceries, electricity, car insurance

Back

car insurance

Front

Which of the following is a variable expense? phone bill, insurance, groceries, car payment

Back

groceries

Front

Tyler and Mya own a Pet Store. This type of ownership is known as

Back

partnership