Entrepreneurship: Q1 Midterm Key Terms

Corporate social responsibility:

• is the legal requirement that companies make charitable donations before paying dividends

• is a government program required for all companies

• are voluntary steps beyond a company's financial self-interest that reflect what business leaders believe their companies can or should accomplish

• is a form that must be completed each year and filed with the Louisiana Secretary of State

Which is an entrepreneur?

• a parking lot attendant

• a corporate vice president of human relations

• a state government official

• a woman who designs and makes her own line of clothing and sells them to her friends

Which is an entrepreneur?

• the bank CEO who started out as a teller 30 years ago

• the convenience store clerk

• an adult who started cutting grass as a pre-teen and now runs a gardening business with a sibling

• a manager of the biggest chain grocery store in the state

Determination

• The ability to pursue what you think is right or necessary to do despite temptations to quit. Self-command, persistence and resolve.
• Commitment to get something done. Individuals with determination exhibit willpower to accomplish what they set out to do. Also called "tenacity." Spirit, courage, willpower and single-mindedness.
• The ability to pursue a task without being told to by someone else. Individuals who are self-motivated can find the strength to start and finish a task without giving up.
  
• An individual's self-commitment to overcome obstacles to achieve long-term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.

Self-motivation

• The ability to find solutions to difficult or complex issues. The process of working through the details of a challenge or crisis--often under pressure--to reach a solution.
• An individual's self-commitment to overcome obstacles to achieve long-term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.
• The ability to pursue what you think is right or necessary to do despite temptations to quit. Self-command, persistence and resolve.
• The ability to pursue a task without being told to by someone else. Individuals who are self-motivated can find the strength to start and finish a task without giving up.

Self-discipline

• The ability to pursue what you think is right or necessary to do despite temptations to quit. Self-command, persistence and resolve.
• The ability to find solutions to difficult or complex issues. The process of working through the details of a challenge or crisis--often under pressure--to reach a solution.
• An individual's self-commitment to overcome obstacles to achieve long-term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.
• Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task. Effective team work involves trust among team members. Collaboration and cooperation.

Grit

• The ability to find solutions to difficult or complex issues. The process of working through the details of a challenge or crisis--often under pressure--to reach a solution.
• An individual's self-commitment to overcome obstacles to achieve long-term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.
• Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task. Effective team work involves trust among team members. Collaboration and cooperation.
• The ability to accurately convey information about what you are thinking, any questions you may have and what you feel needs to be accomplished to others. Both verbal (or spoken) and written communication skills are important.

Problem Solving

• Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task. Effective team work involves trust among team members. Collaboration and cooperation.
  
• The ability to interact in a friendly and effective way with people you don't know. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance or background.
• The ability to accurately convey information about what you are thinking, any questions you may have and what you feel needs to be accomplished to others. Both verbal (or spoken) and written communication skills are important.
• The ability to find solutions to difficult or complex issues. The process of working through the details of a challenge or crisis--often under pressure--to reach a solution.

Teamwork

• The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information.
• Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task. Effective team work involves trust among team members. Collaboration and cooperation. 
• The ability to accurately convey information about what you are thinking, any questions you may have and what you feel needs to be accomplished to others. Both verbal (or spoken) and written communication skills are important.
• The ability to interact in a friendly and effective way with people you don't know. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance or background.

Communications Skills

• The ability to accurately convey information about what you are thinking, any questions you may have and what you feel needs to be accomplished to others. Both verbal (or spoken) and written communication skills are important
• The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information.
• The ability to interact in a friendly and effective way with people you don't know. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance or background.
• Understanding how individuals and businesses earn money and what they spend money on. Understanding important financial terms. Learning how to create a budget.