Entrepreneurship

Front

A person who starts, manages, and owns a business.

Back

Entrepreneur

Front

The process of starting and managing your own business.

Back

Entrepreneurship

Front

This is an advantage of Entrepreneurship: Flexible work hours, You are your own boss, Recognition, Do something that you always wanted to do

Back

all of the above

Front

The following are all disadvantages of entrepreneurship, EXCEPT? High risk of business failure. Possibility of low/no income. Stress. Long work hours.

Back

Potential for high income

Front

This is a business owned by one person

Back

Sole Proprietorship

Front

This is a business owned by two or more people

Back

Partnership

Front

This is a legal entity owned by stockholders and operated by a board of directors. It operates as a separate legal entity apart from the owners.

Back

Corporation

Front

The right or license granted by a company to an individual or group to market its products or services in a specific territory

Back

Franchise

Front

this is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are.

Back

Limited Liability Company

Front

Select all of the ways to enter a business: Open a new business, Buy an existing business, Buy a franchise, Join the family business.

Back

All of the above