Study with Quizlet and memorize flashcards containing terms like A(n) _____ is someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it. a.small business owner b.entrepreneur c.executive d.marketer, While many _____ ventures are based on innovative ideas, others revolve …What do employees do that entrepreneurs don't? -complete tasks using skills they were hired to use. -usually work set schedules every week. -follow instructions. -have more stability than entrepreneurs do. -are usually offered health insurance, retirement, and other benefits. Study with Quizlet and memorize flashcards containing terms like What ...What are the three commonly defined reasons that people become entrepreneurs? * desire to be their own boss. * desire to pursue their own ideas. *financial rewards. * revenge ex: Shrek. What is the definition of entrepreneurship? pursuit of opportunity without regard to resources currently controlled.Study with Quizlet and memorize flashcards containing terms like Situations in which new goods, services, raw materials, and organizing methods can be introduced and sold at greater than their cost of production are known as, A true statement about entrepreneurial action is that _____. entrepreneurs need to evaluate the amount of uncertainty of a potential opportunity knowledge is the only ...Study with Quizlet and memorize flashcards containing terms like the young entrepreneur already had started three different businesses, all of them profitable. An entrepreneur is a person who, Italians probably held strong nationalist desires because, How did industrialization create new social classes as well as the conditions for the development of socialism and more.Terms in this set (33) entrepreneurship. accepting the risk of running a business. Why people take the entrepreneurial challenge? opportunity, profit, independence, challenge. What does it take to be an entrepreneur? skills: self-directed, self-maturing, action-oriented, highly energetic, tolerant of uncertainty.TRUE. An entrepreneur can also be a researcher. TRUE. An entrepreneur can also become a salesman. TRUE. Entrepreneurship graduates can become business reporters. FALSE. The entrepreneur could easily see the results of his efforts. Study with Quizlet and memorize flashcards containing terms like TRUE, TRUE, TRUE and more.skunkworks. project initiated by an employee who conceives an idea, convinces top management of its potential, and then recruits human and other resources from within the company to put the idea into a commercial project. Study with Quizlet and memorize flashcards containing terms like entrepreneur, business plan, seed capital and more.Study with Quizlet and memorize flashcards containing terms like A person is considered an entrepreneur because she a. combined resources to create new products. b. was a woman who succeeded in a male-dominated industry. c. has many employees who work for her. d. has earned millions of dollars., Identify the physical capital a. tracter b. crop c. farmer d. house, Which of the following is an ...economics. the study of how people seek to satisfy their needs and wants by making choices. shortage. a situation in which consumers want more of a good or service than producers are willing to make available at a particular price. entrepreneur. a person who decides how to combine resources to create goods and services.Study with Quizlet and memorize flashcards containing terms like what is entrepreneur?, a person who possesses managerial and decision-making skills needed to run a business enterprise. , what are the managerial skills? and more.Jose's activities can be described as an. Entrepreneur. An Entrepreneur. a) assumes the risks of the business. b) reaps the rewards of the business. c) assumes the financial and legal risks of ownership. d) recognizes a viable idea for a business product or service and carries it out. **** ALL OF THE ABOVE.According to one definition, an entrepreneur is an “individual who starts a new business,” and that’s true as far as it goes.An entrepreneur is a person who has a business idea and wants to establish his own business from scratch using that idea. He/ She is responsible for the ideation of the business, manufacturing the product, and launching it in the market. The entrepreneur is also the one who is willing to undertake the risks involved in establishing a business.for entrepreneurs there is little difference between work and play. opportunity to reach your full potential. entrepreneurs see their business as a vehicle of self expression of personal desire and eventual self actualization of their personal goals - the pinnacle of their career success`. opportunity to reap extraordinary profits.Study with Quizlet and memorize flashcards containing terms like An individual who initiates, creates and manages a new business can be called? A.) A Leader B.) A Manager C.) A Professional D.) An Entrepreneure, Which statement is NOT true of entrepreneurs? A.) They take risks B.) They change that way businesses convert inputs and outputs C.) They apply innovative ideas D.) They generally ...these are people who seek to enforce and propose new rules. why are moral entrepreneurs referred to as moral crusaders? they are seen as crusaders because they believe that their mission is a holy one. what are basic characteristics of a moral entrepreneur? -interested in the content of rules. -existing rules do not satisfy.Test your knowledge of entrepreneurship concepts and terms with this interactive quiz. You will learn about the definition, characteristics, and examples of entrepreneurs, as well as the factors that affect their success and failure.Study with Quizlet and memorize flashcards containing terms like What is the definition of an entrepreneur? *someone who manages a business *someone who owns a business and makes profit off that business *someone who creates, owns, and runs a business *none of above, Which of the following is NOT true about an entrepreneur? * gets to act …Study with Quizlet and memorize flashcards containing terms like There are several reasons people choose to own their own small business. Which is NOT a reason? A. You will be your own boss. B. You will set your own schedule. C. You will work fewer hours. D. You will control the decisions., The effects of starting your own business do NOT include __________. A. the benefit of being your own ...A common standard that defines a non-manufacturing business as small is. Have fewer than 100 employees. As an entrepreneur, the amount of money you receive from your company. May go up or down, depending on the business. As an entrepreneur, the amount of time you spend working is typically.Study with Quizlet and memorize flashcards containing terms like What is entrepreneurship? A. The ability to take risks with other people's money B. The ability to execute on an idea successfully C. The ability to scale an idea into a revenue generating business over time D. The ability to develop another person's idea and make money from it, What are the types of entrepreneurial activity ...Study with Quizlet and memorize flashcards containing terms like What is the motto of the World Economic Forum? Select one: a. "The youth of today are the future for tomorrow." b. "Entrepreneurship in the global public interest." c. "Committed to improving the state of the world" d. "Global development and entrepreneurship are in the hands of the future …external locus of control. A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits is known as: a venture capital firm. An entrepreneur: a) assumes the risks of the business. b) reaps the rewards of the business. c) assumes the financial and legal risks of ownership.An entrepreneur is someone who works for themselves. True. False. 2. Multiple Choice. 20 seconds. 1 pt. Which is a characteristic of a successful entrepreneur? Motivated. …Terms in this set (15) what is an entrepreneur. people who own, operate, or take the risk of a business venture. how many types of entrepreneurial businesses are there? Manufacturing: produce the products they sell. Wholesaling: sell products to other businesses rather than the final consumer.Study with Quizlet and memorize flashcards containing terms like what is a person who creates value by improving efficiency and effectiveness in the use of society's limited resources called?, Those reflecting the _____ school define a social entrepreneur is someone who starts a business with a social purpose, those who embrace the _____ school believe a social entrepreneur is a change agent ...In today’s digital age, technology has revolutionized the way we learn and collaborate. One tool that has gained popularity among students and educators alike is Quizlet Live. Quiz...Study with Quizlet and memorize flashcards containing terms like Which one of the following is not a benefit of a business plan to the entrepreneur? a. Provides a comprehensive product-launch timetable. b. Allows the entrepreneur to view the venture critically and objectively. c. Quantifies objectives, providing benchmarks for comparing forecasts with actual results. d. Provides a ...Study with Quizlet and memorize flashcards containing terms like What is an entrepreneur?, What is entrepreneurship?, What do entrepreneurs do? and more.Entrepreneurs believe in themselves. There are no sure things in business. The only thing an entrepreneur can count on is that things will change, sometimes for the better, or worse. A true entrepreneur looks at change as an opportunity. He or she must be flexible in order to adapt to change trends, markets, tech, rules & economic environment.Entrepreneur: An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business , assuming all the risks and rewards of the venture. The entrepreneur is ...Study with Quizlet and memorize flashcards containing terms like Using the definition from Burns (2016), define entrepreneurs, According to Schumpeter (1934), what is entrepreneurship? (this can be used at the start of the answer!), According to Shane (2003), what is entrepreneurship? and more.Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Entrepreneurship, Employees and more. ... Someone who works for the entrepreneur. Integrity. the quality of being honest and having strong moral principles; moral uprightness. To operate with integrity, entrepreneurs behave consistently in actions, values, methods ...Terms in this set (37) An entrepreneur is someone who starts and runs their own business. To be entrepreneurial means to think or act like an entrepreneur. A risk is a chance of losing something. When starting a business, entrepreneurs face the risk that the business may not be successful. A Business Plan is an overview of your business goals ...An entrepreneur must have initiative aptitude, pick the right opportunity, and initiate action. If he/she does initiate the action at the right time the ...a) Entrepreneur is a person with special characteristics which become entrepreneurship.. Entrepreneurship is an act of being an entrepreneur. Entrepreneurs are creating and realizing ideas, starting and growing businesses, but most importantly - they are solving problems which stand on their path - all day long, year after year.... an Entrepreneur, Turning Your passions and problems into opportunities and more ... Many entrepreneurs simply do not enjoy working for someone else. Melissa ...a. that any profits will be reaped. b. family members agree about the business. c. that the firm continues to exist. d. the challenges and responsibilities of the entrepreneur are over. D. The average life expectancy of a privately held firm is. a. 50 years. b. 10 years. c. and indefinite number of years.Study with Quizlet and memorize flashcards containing terms like What an entrepreneur is., Traits that make an entrepreneur successful., Name two traits/characteristics of a Christian entrepreneur. and more. ... Why are people choosing to become entrepreneurs today? Lifestyle. A business owner works ON his company and an entrepreneur works IN ...Spotted a business opportunity. Profit may be greater than wage. Help others. Need a job. Study with Quizlet and memorize flashcards containing terms like Entrepreneur definition, Opportunity cost, What qualities do entrepreneurs need? and more.The following are the importance of entrepreneurship education: 1. Entrepreneurship serves as a key economic driver. It focuses on wealth creation, and through small businesses started by entrepreneurial-minded individuals, it will also create jobs for the people. 2. Entrepreneurial education is an individual lifelong process.a written statement of goals and objectives for a business with a strategy to achieve them. capital structure. the way a business is financed. leadership. the ability to reach others and reach a goal. cash flow. the movement of money into and out of a business. trait.Chapter 6 Review. What is the difference between an entrepreneur and entrepreneurship? An entrepreneur is someone who takes a risk in starting a business to earn a profit whereas; entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.Terms in this set (38) Entrepreneurship. The process of recognizing an opportunity, testing it, and gathering the resources. Entrepreneurs. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Small business. An independently owned business that has the owner as a manager.Study with Quizlet and memorize flashcards containing terms like What is an entrepreneur?, What is entrepreneurship?, What do entrepreneurs do? and more.entrepreneurs are born, not made. At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes to be an entrepreneur. He also refers to the "Miles Davis" test. Considering these, and the psychological and personal toll that entrepreneurs endure, would lead you to conclude that:Entrepreneurship (new and standard definition) is the process of creating something different with the value by devoting the necessary time and effort, assuming the accompanying financial, psychic, social risks and receiving the resulting rewards of monetary and personal satisfaction. Enterprise. created by an entrepreneur.Study with Quizlet and memorize flashcards containing terms like • Entrepreneur, Risk, Lifestyle Entrepreneur and more. ... a person who starts up and takes on the risk of a business. Click the card to flip 👆 ...Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work, You should always do research about the company you're applying for a job at or interviewing with (true or false), An entrepreneur is someone who and more.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who identifies _____, starts and grows a business, and assumes the _____ and rewards of the venture., Entrepreneurism is a fluid and dynamic process, one where you need to:, Entrepreneurs try to create value, while managing _____ resources in a changing, uncertain business environment. and more.Study with Quizlet and memorize flashcards containing terms like A(n) _____ is someone who recognizes an opportunity to start a business that other people may not have noticed and acts on it., According to French economist Jean-Baptiste Say, entrepreneurs _____., The free-enterprise system _____. and more.economics. the study of how people seek to satisfy their needs and wants by making choices. shortage. a situation in which consumers want more of a good or service than producers are willing to make available at a particular price. entrepreneur. a person who decides how to combine resources to create goods and services.Study with Quizlet and memorize flashcards containing terms like Which of the following is a service-based business? food clothing car repair shop, Donald Trump, real estate and entertainment mogul, is not an entrepreneur. True False, The process through which individuals see an opportunity, create and distribute a product or service, and, hopefully, make a profit is known as entrepreneurship ...Terms in this set (10) Entrepreneur. is someone who creates, owns and potentially runs a business. What is an entrepreneur. gets to act as his own boss, has ownership in the business and is responsible for the success of their business. Asset. example of an asset is time, money, and a car. Business Plan.Study with Quizlet and memorize flashcards containing terms like Someone who starts, manages & owns a business is called an entrepreneur., Profit is the difference between earned income & costs., The number of manufacturing forms far exceeds the number of service firms. and more.B) getting fired. C) making a bad business decision. D) losing time with family. D. An intrapreneur is someone who. A) has been given some freedom by his or her employer to be creative and try new ideas. B) is more likely to feel inspired in his or her job. C) thinks and behaves like an entrepreneur even when working as an employee.Study with Quizlet and memorize flashcards containing terms like The classic entrepreneur is one who starts a new business based on an existing concept., Entrepreneurs do not need "people skills" to be successful., A green company aims at either protecting or improving the environment. and more.Study with Quizlet and memorize flashcards containing terms like _____ is among the personality characteristics commonly found among entrepreneurs. A) External locus of control B) Inflexibility C) Self-confidence D) Low self-reliance, When an entrepreneur is comfortable with uncertainty and willing to take risks, these are indicators of someone …BUS 101 Test #1. Compared to working for an employer, an entrepreneur who starts a small business is likely to spend: Click the card to flip 👆. significantly more time working because so much depends on her. Click the card to flip 👆. 1 / 50.Study with Quizlet and memorize flashcards containing terms like According to the U.S. Small Business Administration, a common delineation of a small business is one that employs fewer than _____ people., An entrepreneur is one who _____., Nearly _____ of entrepreneurs start their businesses between the ages of 20 and 44 and the number of Americans in that age range currently is _____ . and more.An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed? a dedication to hard work. a willingness to admit failure. an ability to learn from mistakes. an assumption of responsibility. c. An entrepreneur would most likely be a. low risk taker.Start studying entrepreneur: 1/3 section test. Learn vocabulary, terms, and more with flashcards, games, and other study tools.T/F: An entrepreneur is a person who opens and manages his or her own business. True. T/F: Entrepreneurs, as a general group, dislike risk taking. False. T/F: Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit. True.Entrepreneurs start to create plans to make the dream a reality. Involves in sharing their ideas with other people, knowing that their vision is already occurring. It happens when the vision becomes a reality. In this stage, they can now have an income that keeps on multiplying even if they do not put much effort.Match each term with its correct description. Study with Quizlet and memorize flashcards containing terms like What do small businesses and entrepreneurs contribute to the economy? Select all that apply., What negatively affects small businesses?, Match each term with the correct definition. and more.Hemel Hempstead, located in Hertfordshire, England, is a thriving town with a vibrant business community. As an entrepreneur looking to establish or expand your business in this ar...Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who: a) manage any enterprise, especially a business. b) starts a business c) is on the executive board of a business d) organizes and manages any enterprise, especially a business, usually with considerable initiative and risk, Linda opened a coffee shop that sells coffee and pastries.Study with Quizlet and memorize flashcards containing terms like what is entrepreneur?, a person who possesses managerial and decision-making skills needed to run a business enterprise. , what are the managerial skills? and more.Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work_____________ ., You should always do research about the company you're applying for a job at or interviewing with., An entrepreneur is someone who__________. and more.Study with Quizlet and memorize flashcards containing terms like an organization that provides products or service ( usually makes money), person who works for a business run by someone else, someone who creates and runs a business and more.entrepreneurship. the process of recognizing or creating an opprotunity, testing it in the market, and gathering the resources necessary to go into business. economics. the study of how people choose to allocate scarce resources to fulfill their unlimited wants. free enterprise system.In short, an entrepreneur is someone who identifies a need for a new product, process, or service and builds a business around that need. Alternate …skunkworks. project initiated by an employee who conceives an idea, convinces top management of its potential, and then recruits human and other resources from within the company to put the idea into a commercial project. Study with Quizlet and memorize flashcards containing terms like entrepreneur, business plan, seed capital and more.In recent years, the concept of coworking spaces has gained immense popularity among freelancers and entrepreneurs. These shared workspaces provide individuals with a flexible and ...Visit various websites to find Apex world history answers including Quizlet.com and Plaintxt.org. Check these sites for available answers and then use the question and answer model...a) converting people to a single religion. b) colonizing underdeveloped regions. c) convincing oppressed groups to relocate to the United States. d) encouraging democracy in all nations. Which of the following is true about foreign policy in the United States?Study with Quizlet and memorize flashcards containing terms like An entrepreneur: A)is a risk taker in the private enterprise system. B)does not tolerate failures. C)does not tolerate ambiguity. D)is a gambler in the private enterprise system., Zainab is opening her own bakery. Zainab is most likely to be categorized as a(n) _____. A)entrepreneur B)angel broker C)manager D)venture capitalist ...An entrepreneur has ownership of the business. d. An entrepreneur Is responsible for the success of their business. b. An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him. All of the following are characteristics shared by successful entrepreneurs EXCEPT: a. Passion. b.An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed? a dedication to hard work. a willingness to admit failure. an ability to learn from mistakes. an assumption of responsibility. c. An entrepreneur would most likely be a. low risk taker.Who even is an entrepreneur? Entrepreneur (definition) Click the card to flip 👆. A person who sees a need and then takes on the financial risk to fill that need; A person who organizes, manages, and takes on the risks of a business. Click the card to flip 👆. 1 / 8.Flashcards | Quizlet. Ch 7. Entrepreneurship. Test 2. A business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices is a ...? Ch.7 Entrepreneurship Learn with flashcards, games, and more — for free.List four benefits of entrepreneurial thinking. - Earning money without having to depend on others. - Achieving pride and personal satisfaction. - Getting to make your own rules. - Opens opportunities to help make your community and world a better play in which to live.An entrepreneur is someone who has an idea and visions it into a small or big business. What is entrepreneurism It is when you develop or operate a business from just having and an idea and from the ground upsomething that is desired, not needed. Four Factors of Production: Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and. Enterprise (which brings all the previous resources together for production) Supply v. Demand Theory.- When someone recognizes an opportunity for something new and acting on it separates an entrepreneur from small business owner. - An entrepreneur is someone ...Study with Quizlet and memorize flashcards containing terms like When someone has examined or checked that everything is working or running properly, this is called a(n) _____., Proof that an entrepreneur is certified to work in a specific field of business is a _____., Our country's armed forces are an example of the role of government called …Entrepreneurs try to identify the Of the marketplace. Needs. The first business owner to provide employees with a 5 day work week was. Rose Knox. Succesful entrepreneurs are -oriented. Goal. To asses your sutability for entrepreneurship, you should consider your strenghts, weaknesses, And interests, past expierences, and aptitude. Hobbies.. Origin of the word Entrepreneur which means &quoStudy with Quizlet and memorize flashcar Study with Quizlet and memorize flashcards containing terms like Which of the following is an INCORRECT statement regarding entrepreneurship? A. Most businesses started by entrepreneurs are small. B.An entrepreneur may start a business by him- or herself. C.An entrepreneur is a person who forms and operates a business. D.Most businesses … An entrepreneur is someone who creates, owns, and potentially runs a False. Entrepreneurs do not get to choose the people they work with. False. To be an entrepreneur you have to work long hours and be a self-starter. True. A business plan is key to entrepreneurial success. True. Study with Quizlet and memorize flashcards containing terms like Each person in a business organization has a different role ...An entrepreneur is someone who works for themselves. True. False. 2. Multiple Choice. Edit. 20 seconds. 1 pt. Which is a characteristic of a successful entrepreneur? Motivated. Takes very little risk. Passionate. Hard-working. 3. Multiple Choice. Edit. 30 seconds. 1 pt. Which is NOT a common characteristic of an entrepreneur? risk-taker. the person who undertakes entrepreneurship entrepende, me...
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