Chapter 1: Introduction to Entrepreneurship

Front

The capacity and motivation to deploy a business venture that involves risk in order to make a profit.

Back

Entrepreneurship

Front

Which is an entrepreneur?

Back

an adult who opened a mobile car detailing van

Front

The art of taking financial risks in order to make a profit.

Back

Entrepreneurial

Front

An individual who founds and runs a business assuming all of the risks and rewards of the venture.

Back

Entrepreneur

Front

A state of mind in which one conducts him/her self to entrepreneurial activities.

Back

Entrepreneurial Mindset

Front

An organization that operates to aid in some social effort, they do not retain any profits from commerce.

Back

Non-Profit

Front

One can analyze an opportunity by all of the following except: Competition, Domestic and International Market Scope, Self and Team Assessment, Distributing Assets

Back

Distributing Assets

Front

A market need is a necessity that the market can live without.

Back

False

Front

A service is a business that provides intangible products.

Back

True

Front

80% of entrepreneurs work less than 40 hours per week.

Back

False