Entrepreneurship Chapter 2

The rivalry among business for consumer dollars

• Competition

• Income

• Investment

• Capital

The amount of money a person puts into their business as capital

• Investment

• Capital

• Income

• Revenue

Includes the building equipment, tools, and other goods needed to produce a product or the money used to buy these things

• Investment

• Capital

• Owner's Equity

• Money

Which of the following is a reward of entrepreneurship?

• Competition

• Working long hours

• Being your own boss

• Uncertain Income

Which of the following is a reward of entrepreneurship?

• Long hours

• Risking Investments

• Uncertain Income

• Doing something you enjoy

Which of the following is a reward of entrepreneurship?

• Opportunity to be creative

• Long hours

• Competition

• Fully Responsible

Which of the following is not a reward of entrepreneurship?

• Freedom to set your own schedule

• Job Security

• Uncertain Income

• Making more money

Which of the following is a reward of entrepreneurship?

• Being Recognized within the Community

• Long hours

• Uncertain Income

• Risking investment

Which of the following are not a risk of Entrepreneurship?

• Competition

• Working long hours

• Uncertain Income

• Job security

Which of the following is a risk of entrepreneurship?

• Being creative

• Risking One's investment

• flexible schedule

• Being your own boss