The art of taking financial risks in order to make a profit.

An individual who founds and runs a business assuming all of the risks and rewards of the venture.

A state of mind in which one conducts him/her self to entrepreneurial activities.

Entrepreneurs abandon steady paychecks. This is known as a _____________ that they accept. 

Independence and enjoyment are potential _______________ from entrepreneurship.

The greater the risk the greater the reward and vice-versa is known as______________.

An organization that operates to aid in some social effort, they do not retain any profits from commerce.

Goods are _____________ products that have monetary value.

One can analyze an opportunity by all of the following except:

 A commercial operation or company that satisfies needs in order to make a profit is known as a___________.

 A newly emerged business that is striving to develop a viable business model around a new product or service is known as a ________________. 

A market need is a necessity that the market can live without.

A service is a business that provides intangible products. 

80% of entrepreneurs work less than 40 hours per week. 

Money left after all costs of running a business are deducted from the total revenue is known as profit

Fewer businesses are being born now than 30 years ago.