Entrepreneurship- IBM

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

• True
• False

ALL entrepreneurs have a college degree.

• True
• False

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

• proprietorship
• partnership
• limited liability company
• corporation

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these

Business entity that is easy to start and has a single owner.

• sole proprietorship

• partnership

• limited liability company

• corporation

Business entity with two or more owners that share the company's profits and losses.

• proprietorship
• partnership
• limited liability company
• corporation

When private entrepreneurs purchase the rights to open and run a location of a larger company.

• corporate model
• franchise
• partnership
• private enterprise

Which type of business is typically traded on a stock exchange?

• proprietorship
• local franchise
• public corporation
• small partnership

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• Your work schedule is always predictable

Owners of stock in a company

• partnership

• sole proprietorship

• Shareholders

• corporation