Entrepreneurship Benchmark 1 Review

According to the study guide, an Entrepreneur is a person who ________.

Which term is defined as "Works for another person/company in exchange for wages"?

• Entrepreneur

• Employee

• Entrepreneurship

• Benefit

Risk refers to the ________.

Which of the following is listed as a Benefit?

• Giving up one benefit to gain another

• Positive outcomes or advantages from decisions or actions

• Possibility of losing money

• Working for wages

Employees have more security because they receive ________.

Which scheduling attribute is associated with entrepreneurs?

According to the guide, reasons people become entrepreneurs are discussed in which numbered section heading?

• 1. Key Terms

• 3. Characteristics of Entrepreneurs

• 4. Types of Entrepreneurship

• 5. Reasons People Become Entrepreneurs

From the study guide, which role is most associated with more security (regular income)?

• Entrepreneur

• Employee

• Investor

• Supplier

Complete the definition: Benefit — ________.

Which pairing correctly matches the term with its definition from the guide?

• Entrepreneur — Works for another person/company in exchange for wages

• Entrepreneurship — The act of organizing and managing a business with initiative and risk

• Trade-off — Positive outcomes from decisions or actions

• Risk — Giving up one benefit to gain another