Entrepreneurship 1

Front

What is an agreement to protect a business from specific risks in exchange for regular payments?

Back

Business Insurance

Front

What is a detailed plan including the strategies planned to achieve the profit goals?

Back

Business Plan

Front

In business, capital means

Back

money

Front

Income (all money made) minus expenses (the amount of money spent to operate a business) is the definition of what?

Back

Profit

Front

The act of setting up a business or businesses, taking on financial risks in the hope of profit.

Back

Entrepreneurship

Front

Entrepreneur

Back

A person who organizes and operates a business or businesses.

Front

Which is NOT a common characteristic of an entrepreneur? Options: Risk-taker, Creative, Organized, Irresponsible

Back

Irresponsible

Front

A business that does $10,000 in sales, and has $7,000 in expenses has a profit of?

Back

$3,000

Front

A __________ is a tangible good, something you can touch.

Back

Product

Front

Meeting a need with words or actions instead of tangible products is called providing a _______.

Back

service