Entrepreneurship

Who can be an entrepreneur?

• Only the wealthy

• People with a college degree

• People over the age of 18

• Anyone

An entrepreneur must be...

• disorganized

• organized

• lazy

• lucky

Name one of the reasons people become entrepreneurs.

• They are lazy

• They like to work for other people

• They can create their own schedules

• They are unemployment

What do you call a person who meets the needs of other people by creating different products and services?

• Seller

• Buyer

• Manager

• Entrepreneur

Which factor of production does this picture represent?

• Land

• Labor

• Capital

• Entrepreneurship

An individual who undertakes the risk associated with creating, organizing, and owning a business.

• Entrepreneurship

• Entrepreneur

• Venture

• Buyer

Which is NOT a common characteristic of an entrepreneur?

• risk-taker
• creative
• organized
• irresponsible

What are the main functions of an entrepreneur?

The answers might be more than one.

• Search for ideas

  and opportunities.

• Plan, organize,

  and manage.

• Provide the materials for the production of the goods.

• Assumes

  the risks.

Why is entrepreneurship important?

The answers might be more than one.

• Increases the level of education in a country.

• Develops more curious, creative and innovative people.

• Generates new jobs and sources of income.

• Reduces the competition between companies.