Entrepreneurship Chapter 5 vocab quiz

Business Plan- Statement of your business goals, the reasons these. goals can be met and, how you are going to achieve them

• True

• False

Business ethics -Moral principles applied to business issues and actions.

• false

• true

Business risk is Possibility of loss that comes with operating the business; entrepreneurs take efforts to navigate foreseeable business risk.

• True

• False

Conflict of interest is Situation is which personal considerations and personal obligations interfere with each other.

• false

• True

Copyright is when someone copies something that is not theirs.

• True

• False

Ethics - set of morals that govern decisions and actions.

• True

• False

Executive Summary- One or more page summary of the business plans highlights and the key selling points.

• False

• True

Fair Use is when you use something in a fair way.

• True

• False

Infringement - Violating a copyright or patent holders rights.

• True

• False

Intellectual Property- Artistic and Industrial creations of the mind.

• False

• True