Entrepreneurship Lesson 1-2

Entrepreneur is from a french word ______ that means ______

• Entreprendre, "To take"

• Enterprende, "To undertake"

• Entreprendre, "To Undertake"

• Enterprende, "To Take"

a person who organizes, operates, and assumes the risk of business venture

• Business person

• Entrepreneur

• Normal Business person

• Ordinary Small Business Person

self-owned entrepreneurial venture is also known as

a person who creates or innovates a product or strategy not just for profit but also for the benefit of the community

the art of observing correct practices in managing and operating a self-owned wealth-creating business enterprise by providing goods and services that are valuable to the customers.

• Entrepreneurship

• Entrepreneur

• Business

• all of the above

refers to a business or enterprise that adopts and practices correctly the principles of entrepreneurship

• Small Business

• Ordinary Small Business

• none of the above

• Small Enterprise

pertains to a business enterprise managed and operated by an owner who is not and advocate of and does not practice the concepts and principles of entrepreneurship

• Small Business

• Ordinary Small Business

• none of the above

• Small Enterprise

A Small Business is owned by one person with a workforce of how many persons?

• 20

• More than 20

• none of the above

• not more than 20

opens a business with the primary goal of making it his source of livelihood

• Entrepreneur

• Ordinary Businessperson

• Ordinary Small Businessperson

• Ordinary Entrepreneur

starts a business venture based on entrepreneurial concepts and principles and the aspiration to become successful

• Entrepreneur

• Ordinary Businessperson

• Ordinary Small Businessperson

• Ordinary Entrepreneur