Entrepreneurship 1 Unit 1 Quiz

An individual who creates a new business, bearing most of the risk and enjoying most of the rewards.

• Landlord

• Owner

• Entrepreneur

• Intrapreneur

Uncertainty about gains and losses

• regulations

• risk

• merger

• consolidation

An individual who owns a business venture to generate income without intentions of growing or expanding the business

• intrapreneur

• entrepreneur

• small business owner

• sole owner

An individual responsible for the coordination of resources in order to accomplish an organization’s goals is a manager.

• True

• False

The discipline concerned with what is morally good and bad and morally right and wrong is etiquette.

• True

• False

Moral principles that govern a person's behavior or the conducting of an activity.

• ethics

• beliefs

• knowledge

• references

The customary code of polite behavior in society or among members of a particular profession or group.

• behavior

• etiquette

• manners

• vision

The process by which business or other organizations develop international influence or start operating on an international scale.

• international trading

• overseas bordering

• bordering

• globalization

How many people are required to start an entrepreneurial business?

• 1

• 2

• 3

• 4 or more

A manager within a company who promotes innovative product development and marketing.

• intrapreneur

• entrepreneur

• sole proprietorship

• partnership