Day Three: Entrepreneurship Foundations Part 2

Students who are comfortable with ​ (a)   , evaluate ​ (b)   and ​ (c)   when making ​ (d)  

• risk
• costs
• benefits
• decisions

Students who are comfortable with risk, ________ challenges.

Students who are comfortable with risk, willingly ​ (a)   in pursuit of ​ (b)   .

• change course
• new opportunities
• remain stagnant
• comfort

Students who are comfortable with risk, should develop a ​ (a)   to achieve ​ (b)   regardless of ​ (c)   .

• plan
• goals
• obstacles
• avoid
• failures

Match the terms with its definition.

• An action or process of solving a problem.

• Problem

• A difficult, unwelcome, or harmful situation.

• Solution

• The chance of losing something or having a negative

  outcome.

• Risk

• Someone who creates and owns a business. 

• Entrepreneur

An organization that provides products or services, usually to make money is called a __________.

What entrepreneurs get in exchange for starting a business is called a __________.

A _______ ____ is the possibility of loss that comes with operating the business

A strategic management and lean startup template for developing new business models is called a ____ _____.

Entrepreneurs and businesses use a plan, called a ________ ____, as a road map for identifying potential challenges and navigating risk.