Entrepreneurship I: Objective 1.01 Vocabulary Quiz

Changes and/or trends in the way people live, work, and think.

• Demographic

• Globalization

• Innovation

• Technological

An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

• Intrapreneur

• Small Business Manager

• Employer

• Entrepreneur

A set of procedures and methodologies that are followed by entrepreneurs for establishing a new business or venture.

• Ethics

• Etiquette

• Entrepreneurial Process

• Globalization

The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

• Ethics

• Entrepreneurship

• Globalization

• Innovation

The discipline concerned with what is morally good and bad and morally right and wrong.

• Ethics

• Entrepreneurship

• Globalization

• Etiquette

Formal manners and rules that are followed in social or professional settings.

• Ethics

• Political

• Etiquette

• Risk

The spread of products, technology, information, and jobs across national borders and cultures.

• Entrepreneurial Process

• Innovation

• Technological

• Globalization

The introduction of a new or improved good or service.; A new idea, method, or device.

• Innovation

• Entrepreneurship

• Globalization

• Risk

A professional at a company who uses his or her talent and skills to lead the launch of new products, services, projects, business lines, etc. with an entrepreneurial mindset.

• Entrepreneur

• Small Business Manager

• Intrapreneur

• Employer

When a company has a finite amount of life cycles. This type of entrepreneurship is for an advanced professional who knows how to sustain innovation.

• Large Company Entrepreneur

• Scalable Startup Entrepreneur

• Social Entrepreneur

• Small Business Entrepreneur