Entrepreneurship Semester Exam

Thoughts or concepts that come from creative thinking.

• Ideas

• Facts

• Rules

• Instructions

People who own, operate, and take the risk of a business venture.

• Entrepreneurs

• Managers

• Investors

• Employees

Process of running a business of one’s own.

• Entrepreneurship

• Employment

• Freelancing

• Internship

Possibilities that arise from existing conditions.

• Opportunity

• Challenge

• Threat

• Limitation

Self-Assessment: _______ of your strengths and weaknesses.

• Evaluation

• Analysis

• Judgment

• Review

Employees: People who are _______ to work for someone else.

• hired

• fired

• retired

• resigned

Ethical Behavior: The study of moral choices and values; involves choosing between _______ and wrong.

• right

• good

• moral

• just

Brainstorming: A creative problem-solving technique that involves generating a large number of _______ ideas.

• fresh

• old

• common

• boring

Wants: Things that a person thinks he or she must have in order to be _______.

• satisfied

• wealthy

• famous

• powerful

Profit: Difference between the revenues earned by a business and the _______ of operating the business.

• costs

• profits

• revenues

• expenses