Entrepreneurship I: Objective 1.02 Vocabulary Quiz

The ability to perform essential, routine business tasks such as  organizing, planning, filing, billing, computing, etc.

• Financial Skills

• Administrative Skills

• Technical Skills

• Leadership Skills

Someone who provides start-up money to a new business.

• Angel Investor

• Manager

• Entrepreneur

• Small Business Owner

An obstacle or problem; something that might hinder the achievement of goals.

• Innovation

• Opportunity

• Challenge

• Problem Solving Skills

The ability to express thoughts and ideas in a clear manner.

• Communication Skills

• Problem Solving Skills

• Leadership Skills

• Technical Skills

The ability to generate unique ideas, goods, or services.

• Innovation

• Decision Making Skills

• Creativity

• Entrepreneur

The ability to choose among alternatives.

• Decision Making Skills

• Problem Solving Skills

• Technical Skills

• Leadership Skills

A tax write-off that reduces the gross amount of an individual’s income, which in turn reduces the taxes owed.

• Financial Skills

• Challenge

• Deduction

• Trend

An individual who identifies an opportunity to create new value, develops and offers a unique product, assumes the risks of starting and building a business, focuses on the improvement and growth of that business, and receives personal and financial rewards for her/his efforts.

• Angel Investor

• Entrepreneur

• Manager

• Small Business Owner

The ability to manage money.

• Deduction

• Flexibility

• Independence

• Financial Skills

The ability to adapt to changes as they occur.

• Flexibility

• Challenge

• Administrative Skills

• Problem Solving Skills