Entrepreneurship Review 1-2nd Period

What is the definition of an entrepreneur?

• A person who works in a business owned by someone else

• A person who creates and runs a business

• A person who invests money, time, and energy in a business

• A person who provides products or services to make money

What is the meaning of being entrepreneurial?

• To think or act like an entrepreneur

• To work for someone else's business

• To take risks in a business

• To provide products or services to make money

How do employees and entrepreneurs differ in terms of risk?

• Employees risk losing their job, while entrepreneurs risk not being able to pay their employees

• Employees risk losing their job, while entrepreneurs risk losing their business

• Employees risk losing their job, while entrepreneurs risk losing their investment

• Employees risk losing their job, while entrepreneurs risk losing their customers

What is a reward that entrepreneurs have that employees may not?

• Personal satisfaction

• Steady income

• Job security

• Paid vacation

What percentage of new jobs are created by small businesses?

• 50%

• 64%

• 75%

• 90%

What is the definition of an internship?

• A short-term work program that provides practical training in a business setting

• A trade skill taught through practical experience

• A long-term work program that provides on-the-job training

• A program where apprentices are paid for their work

What is a potential disadvantage of being an entrepreneur?

• Potential business failure

• Steady income

• Job security

• Paid vacation

What is a potential obstacle that entrepreneurs may face?

• Unexpected success

• Lack of support from family and friends

• Financial security

• Short working hours

What is a potential advantage of being your own boss?

• Making a steady income

• Having a set schedule

• Having someone else make business decisions

• Having the power to put creative ideas into action

What is a potential advantage of doing work you enjoy?

• Lack of motivation

• Decreased focus

• Increased success

• Limited growth