Which statement defines entrepreneurship?
ESB - Certification Practice 1

Flashcard
•
Life Skills
•
9th - 12th Grade
•
Hard
Michelle Benton
FREE Resource
Student preview

30 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Setting up a business with the aim to make a profit
2.
FLASHCARD QUESTION
Front
Legal structure for a small business with benefits of a large corporation, no double taxation, four partners as shareholders, no public share selling, protection from liabilities.
Back
S-Corporation
3.
FLASHCARD QUESTION
Front
Which business compensation structure is most affected by minimum wage laws? Options: Piece Work, Salary, Hourly, Commission
Back
Hourly
4.
FLASHCARD QUESTION
Front
An example of _____________ compensation is paying field laborers for the amount of fruit they pick.
Back
Piece Work
5.
FLASHCARD QUESTION
Front
An employee who is paid a percentage of a sale is paid by ________.
Back
Commission
6.
FLASHCARD QUESTION
Front
What is the last stage in the five stages of the business life cycle?
Back
Maturity
7.
FLASHCARD QUESTION
Front
Which is the LAST step in the Design Thinking Process?
Back
Test
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