March 2 ENT II Honors

What is the purpose of a business plan? (hint: choose 2 correct answers)

• To document your financial activity during one year

• Legal document to be filed with the SEC

• States the purpose and vision of your company

• States the amount of capital you need to run the company

Check some of the statements that relate to the importance of the entrepreneurial process. (Not all are correct)

• help drive change with innovation

• create wealth

• create stagnate markets

• improve the standards of living

• political and economic integration

An _________________ is a person who organizes who organizes, operates, and assumes the risk for a business venture.

Who starts a business with a new idea?

• Entrepreneur

• Intrapreneur

• None of the above

What are the rules of good workplace manners For example: Listening without interrupting the speaker?

• Manners

• Business Etiquette

• Ethics

• Code

A new business created within an existing business is termed:

• Scalable Entreprenuership

• Innovative Entreprenuership

• Large Company Entrepreneurship

• Opportunistic Entrepreneurship

These are natural abilities to learn or do something.

• skills

• interests

• abilities

• aptitudes

• attitudes

View this prezi for parts of this practice:

https://prezi.com/ynonly69uaw3/impact-of-globalization-on-business/

What behavior is exhibited when an individual recognizes the possibility of an undesirable outcome and continues to work toward a goal?

• A. Creativity

• B. Self-discipline

• C. Risk taking

• D. Flexibility

One change in business (from the prezi) caused in part by globalization is ___.

• Better Economies of Scale

• Less social awareness

• Decreased competition

Offering your home for rent is an example of Entrepreneurship

• True

• False