Chapter 2 (Entrepreneurial Intentions and Corporate Entrepreneur

A person who runs his own business is called...

• Entrepreneurship
• Boss
• Entrepreneur
• All of the above

What is an advantage of Entrepreneurship?

• Risky
• Not fun
• You are in charge
• Long hours

What is a disadvantage of being an Entrepreneur?

• Good income
• Enjoyable
• Working very long hours
• Foolproof

Which is NOT a trait of an Entrepreneur?

• Goal-Oriented
• Lazy
• Self-Confident
• Creative

If you buy a franchise, you...

• You get training and support
• You can change the menu
• Can paint it any color
• Get to keep all the profits

Joining a family business can be risky because...

• You don't always get along
• Family can be difficult
• Work can interfere with family
• All of the above

A business ownership with two or more people is called...

• Sole Proprietorship
• Franchise
• Partnership
• All of the above

A summary of a business's income and expenses is called...

• Gross Profit
• Net Profit
• Balance Sheet
• Income Statement

A business that legally operates apart from its owners

• Sole proprietorship
• Corporation
• Partnership
• Entrepreneur

A business owned by two or more people

• Partnership
• Sole Proprietorship
• Corporation
• Franchise