Entrepreneurship

An ____________________ is a person who provides the initiative and accepts the risk involved in starting a business.

Being an entrepreneur requires much more than big ideas. A true entrepreneur possesses a unique cocktail of skills and characteristics that enable them to beat the odds and go after their dreams full throttle. Which characteristic involves choosing a course of action?

• risk taker

• leader

• decisive

• creative

There are four types of business ownership. Which type of business is owned and operated by one person?

• Corporation

• Partnership

• Proprietorship

• Limited Liability Corporation (LLC)

Being an entrepreneur requires much more than big ideas. A true entrepreneur possesses a unique cocktail of skills and characteristics that enable them to beat the odds and go after their dreams full throttle. Which characteristic involves being a visionary and not a dreamer?

• realistic

• confident

• decisive

• leader

Who is a self-made, web developer, and the founder of the social networking site Twitter in 2006?

• Tim Sweeney

• Phil Knight

• Jack Dorsey

• Jeff Beezos

Who co-founded Blue Ribbon Sports (BRS) in 1964 with his track coach, Bill Bowerman.​ In 1972, BRS introduced a new brand of athletic footwear called Nike, which is a retail company.​

• Tim Sweeney

• Phil Knight

• Jack Dorsey

• Jeff Beezos

There are four types of business ownership. Which type of business has the liability protection of a corporation and it exists as a separate entity much like a corporation. Members cannot be held personally liable for debts unless they have signed a personal guarantee.

• Limited Liability Corporation (LLC)

• Proprietorship

• Partnership

• Corporation

It takes four days and $210 to establish a business as a legal unit in the US. ​

• True

• False

Being an entrepreneur requires much more than big ideas. A true entrepreneur possesses a unique cocktail of skills and characteristics that enable them to beat the odds and go after their dreams full throttle. Which characteristic involves being self reliant?

• realistic

• decisive

• leader

• confident

There are four types of business ownership. Which type of business is owned by stockholders/investors but operated by officers?

• Limited Liability Corporation (LLC)

• Proprietorship

• Partnership

• Corporation