Entrepreneurship

Business entity that is easy to start and has a single owner.

• proprietorship
• partnership
• limited liability company
• corporation

Business entity with two or more owners that share the company's profits and losses.

• proprietorship
• partnership
• limited liability company
• corporation

Business entity that blends elements of partnership and corporate structures.

• proprietorship
• limited liability company
• partnership
• corporation

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

• proprietorship
• partnership
• limited liability company
• corporation

Process of examining the advantages and disadvantages of each available choice and then making a decision.

• cause and effect
• cost/benefit analysis
• marketing plan
• correlation analysis

What does limited liability mean?

• A business can only borrow a limited amount of money from a bank.
• The business has a limited number of partners.
• If the business fails, the onwers may lose the money they invested but none of their personal possessions. 

What is a franchise?

• The right to vote
• A new business started from scratch by an entrepreneur.
• A book or movie series.
• A contract allowing an entrepreneur to open a location of an established business.

A person who organizes and runs his or her own business

• President
• entrepreneur
• employee
• entrepreneurship

The process of starting a new business

• apprenticeship
• entrepreneurship
• internship
• job

These are all characteristics of a entrepreneur, except

• Flexible
• Confidence
• Innovative
• Lazy