Entrepreneurship Final

Directions: Read the definitions listed below and fill in the blank with the correct vocab word listed in the Word Bank. 2pts each 1. ________ Thoughts or concepts that come from creative thinking

• Ideas

• Assets

• Liabilities

• Employees

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

• Entrepreneurs

• Employees

• Investors

• Managers

Process of running a business of one's own

• Entrepreneurship

• Employment

• Internship

• Partnership

Possibilities that arise from existing conditions

• Opportunities

• Challenges

• Obstacles

• Threats

Evaluation of your strengths and weaknesses

• Self-Assessment

• Peer Review

• Performance Appraisal

• 360-Degree Feedback

Directions: Read the definitions listed below and fill in the blank with the correct vocab word listed in the Word Bank. 2pts each 6. ________ People who are hired to work for someone else

• Employees

• Entrepreneurs

• Assets

• Liabilities

The study of moral choices and values; involves choosing between right and wrong

• Ethical Behavior

• Financial Planning

• Time Management

• Physical Fitness

A creative problem-solving technique that involves generating a large number of fresh ideas

• Brainstorming

• Memorization

• Copying

• Summarizing

Things that a person thinks he or she must have in order to be satisfied.

• Wants

• Needs

• Luxuries

• Habits

Difference between the revenues earned by a business and the costs of operating the business.

• Profit

• Revenue

• Loss

• Expense