Entrepreneurship Module 1 Review

Front

Randy is a manager for XYZ corporation who has developed a new type of sensor that will reduce energy to their Y21G system and save the company a lot of revenue. He would be considered a/an:

Back

intrapreneur

Tags

1.00

Front

Being __________ is the treating of factual information without bias or personal feelings.

Back

objective

Front

An agreement where a franchisee agrees to pay the franchisor for the rights to use their copyrights, trademarks, and patents is known as:

Back

business-format franchise

Front

A person who has been given a sole proprietorship from a family member to own and run would be considered a/an: entrepreneur, share holder, intrapreneur, small business owner

Back

small business owner

Front

Improving on an existing good or service would be known as:

Back

innovation

Front

The three types of business ownership are sole proprietorship, ____________, and corporation.

Back

partnership

Front

The term capital refers to: advertising, money, employees, logistics

Back

money

Front

During startup as well as during the operational stages of a business, the entrepreneur is responsible for

Back

all risks and rewards

Front

A person who sees an opportunity to develop a product or service to fill a need in society is considered a/an:

Back

entrepreneur

Front

A business that is owned by a single individual is known as a/an:

Back

sole proprietorship