The act of assuming the risk of organizing productive resources to produce goods and services.

• business
• critical thinking
• entrepreneurship
• risk management

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these

Which is NOT a common characteristic of an entrepreneur?

• risk-taker
• creative
• organized
• irresponsible

An entrepreneur is someone who works for themselves.

• True
• False

Most entrepreneurs work long hours, but they create their own schedule.

• True
• False

Which is not a characteristic of a successful entrepreneur?

• Motivated

• Takes very little risk

• Passionate

• Hard-working

Entrepreneurs create ____________________ for themselves and others.

• wealth

• risk

• plans

• none of these

Importance of entrepreneurship is create job for others.

• True

• False

Means of livelihood for the family - business operated and owned by different individuals.

• True

• False

Importance of entrepreneurship is to generate income for the industry and the community.

• True

• False