2-1 Trends in Entrepreneurship

What is a Contract Employee?

• An employee hired for a specific job at a specific rate of pay

• An employee with a permanent position

• An employee who works from home

• An employee who owns a business

What does the term Gig Economy refer to?

• A market with permanent jobs

• A market with temporary, flexible, freelance jobs

• A market with only home-based businesses

• A market with only large corporations

What is a Home-based business?

• A business operated from a commercial office

• A business operated out of someone's residence

• A business with multiple partners

• A business that is publicly traded

Who is considered Self-employed?

• An individual who works for a company

• An individual who is their own boss

• An individual who manages a team

• An individual who is a contract employee

What defines a Small-Business Owner?

• A person who owns a large corporation

• A person who owns a small business

• A person who works as a freelancer

• A person who is a contract employee

What is a Solopreneur?

• A person who runs a business with partners

• A person who runs a one-person operation

• A person who works for a large company

• A person who is a contract employee

What is a Tax Deduction?

• An amount that increases a business's revenue

• An amount that reduces a business's revenue or individual’s income

• An amount that has no effect on taxes owed

• An amount that is added to the taxes owed

Which of the following is NOT a characteristic of the Gig Economy?

• Temporary jobs

• Permanent positions

• Flexible work arrangements

• Freelance opportunities

The practice of giving employees the chance to try out new ideas within a company is called

• mentoring

• envisioning

• intrapreneurship

• entrepreneurship

An intrapreneur is someone who

• thinks and behaves like an entrepreneur even when working as an employee

• has been given some freedom by his or her employer to be creative and try new ideas

• is more likely to feel inspired in his or her job

• all of the above