Entrepreneurship Final Exam

Front

What is a business?

Back

An organization that provides products and services to make money.

Front

Which of the following is a financial reward of being an entrepreneur? Fixed income, Creating greater wealth, Limited earning potential, No financial risk

Back

Creating greater wealth

Front

What do entrepreneurs tend to have?

Back

Positive attitudes and work ethics.

Front

What is professionalism?

Back

The ability to show respect to everyone around you while you perform your responsibilities as best you can.

Front

A business owned by only one person

Back

Sole Proprietorship

Front

Which of the following is a non-financial reward of being an entrepreneur? High salary, Job security, Fixed working hours

Back

Personal satisfaction

Front

Corporate Social Responsibility (CSR) is an example of:

Back

Business ethics

Front

What is an economic system?

Back

A system that manages the production, distribution, and consumption of goods and services.

Front

Which type of economy is characterized by government control over production and prices?

Back

Command economy

Front

What impact do entrepreneurs have on their local economies?

Back

Large impact