Biz S5 Entrepreneurship Main Quiz TG

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

• business
• critical thinking
• entrepreneurship
• risk management

Business entity that is easy to start and has a single owner.

• proprietorship
• partnership
• limited liability company
• corporation

Business entity with two or more owners that share the company's profits and losses.

• proprietorship
• partnership
• limited liability company
• corporation

Business entity that blends elements of partnership and corporate structures.

• proprietorship
• limited liability company
• partnership
• corporation

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

• proprietorship
• partnership
• limited liability company
• corporation

Any reward or benefit that motivates people to do something.

• incentive
• money
• bonus
• financial gain

Getting people together to accomplish goals and objectives using available resources.

• leadership
• management
• entrepreneurship
• franchising

When private entrepreneurs purchase the rights to open and run a location of a larger company.

• corporate model
• franchise
• partnership
• private enterprise

Exclusive rights given to the inventor of a product, for a specific period of time, to protect them from others copying their product.

• copyright
• trademark
• patent
• exclusivity rights

Exclusive rights to symbols or designs.

• trademark
• patent
• copyright
• exclusivity rights