Worksheets1.00 Entrepreneurship Vocabulary
Total questions: 20
Worksheet time: 10mins
a period of economic growth as measured by a rise in real GDP
consolidation
ethics
expansion
etiquette
a person who organizes manages, and takes on the risk of a business
business-format franchise
intrapreneur
entrepreneur
globalization
a business owned by stockholders who share in its profits but are not personally responsible for its debts
corporation
globalization
innovation
merger
the principles of right and wrong that guide an individual in making a decision
consolidation
etiquette
risk
ethics
a business owned and managed by a single individual
limited liability company
partnership
sole proprietorship
franchise
a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
corporation
partnership
franchise
sole proprietorship
treating facts without influence from personal feelings or prejudices
objectivity
ethics
risk
innovation
the customary code of polite behavior in society or among members of a particular profession or group
globalization
regulations
etiquette
ethics
the process by which businesses or other organizations develop international influence or start operating on an international scale
regulations
globalization
consolidtion
innovation
a business organization in which the business (not the owner) is liable for the company's debts
limited-liability company
product trade name
merger
partnership
a franchise arrangement based on an independent sales relationship between a franchisor and franchisee to stock
merger
product trade name
objectivity
partnership
business ownership owned by two or more persons
partnership
merger
sole proprietorship
franchise
combination of two or more companies into a single firm
corporation
innovation
risk
merger
a business organization in which the business (not the owner) is liable for the company's debts
merger
sole proprietorship
partnership
limited liability company
a hypothetical process involving the gradual conversion of information into durable memory codes stored in long-term memory
merger
consolidation
innovation
risk
rules governing the operation of all government programs that have the force of law
innovation
globalization
regulations
risk
degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit
risk
innovation
ethics
expansion
an intrapreneur is someone who works inside an existing organization who sees an opportunity for products or service and mobilizes the organization's resources to try to realize it
True
False
innovation is a broad franchise agreement in which the franchisee pays for the right to use the name, trademark, and business and production methods of the franchisor
True
False
innovation is an improvement of an existing technological product, system, or method of doing something
True
False
