E. 1.02 Explain career opportunities in entrepreneurship

Multiple Choice

Entrepreneur

• An individual who identifies an opportunity to create new value, develops and offers a unique product, assumes the risks of starting and building a business, focuses on the improvement and growth of that business, and receives personal and financial rewards for her/his efforts

• An individual responsible for the coordination of resources in order to accomplish an organization’s goals

• a manager within a company who promotes innovative product development and marketing.

• An individual who owns a business venture to generate income without intentions of growing or expanding the business

Multiple Choice

Manager

• An individual responsible for the coordination of resources in order to accomplish an organization’s goals

• The creation of new, unique products

• An individual who is her/his own boss

• An individual who owns a business venture to generate income without intentions of growing or expanding the business

Multiple Choice

Small-business owner

• An individual who owns a business venture to generate income without intentions of growing or expanding the business

• An individual responsible for the coordination of resources in order to accomplish an organization’s goals

• An individual who identifies an opportunity to create new value, develops and offers a unique product, assumes the risks of starting and building a business, focuses on the improvement and growth of that business, and receives personal and financial rewards for her/his efforts

• a manager within a company who promotes innovative product development and marketing

Multiple Choice

What are a few similarities between managers and small business owners in terms of their roles?

• They both lead people and make decisions

• Their jobs are the same

• Only managers lead people

• Only small business owners make decisions

Multiple Choice

A person who recognizes a business opportunity and organizes, manages, and assumes the risk of starting and operating a business.

• Risk taker

• Employee

• Manager

• Entrepreneur