Study with Quizlet and memorize flashcards containing terms like Capitalism is also known as what? A. A free enterprise system B. A monopoly C. Spending power D. Inflation, What is the name for the percentage of people who don't have jobs in a country or area? A. The unemployment rate B. The spending rate C. The inflation rate D. The GDP growth rate, …Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Entrepreneur Vs. Small Business Owner, Entrepreneurial venture and more. ... is someone who identifies and acts on an idea or problem that no one else has identified or acted on. Entrepreneur Vs. Small Business Ownerentrepreneurship. the process of recognizing or creating an opprotunity, testing it in the market, and gathering the resources necessary to go into business. economics. the study of how people choose to allocate scarce resources to fulfill their unlimited wants. free enterprise system.Entrepreneur. Click card to see definition 👆. Someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it. Click again to see term 👆. 1/15.Study with Quizlet and memorize flashcards containing terms like entrepreneur, Entrepreneur, entrepreneurship and more. ... as compared to an entrepreneur which is a person practicing entrepreneurship. American Heritage Desk Dictionary. defines an entrepreneur as a person who organizes, operates, and assumes the risk of business venture. ...Study with Quizlet and memorize flashcards containing terms like 1. The authors define entrepreneurship as _____. a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a product that does not currently ...What are the three commonly defined reasons that people become entrepreneurs? * desire to be their own boss. * desire to pursue their own ideas. *financial rewards. * revenge ex: Shrek. What is the definition of entrepreneurship? pursuit of opportunity without regard to resources currently controlled.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who, Which of the following best describes an intrapreneur, Which of the following is NOT true about entrepreneurial talents? a.) they can be learned b.) they can be used to fill needs c.) they can be improved with practice d.) they apply only to business and more.Study with Quizlet and memorize flashcards containing terms like #25 According to the textbook, the four characteristics of successful entrepreneurs are, #28 According to the textbook, entrepreneurs are: A) gamblers B) moderate risk takers C) aggressive risk takers D) forceful risk takers E) minimal risk takers, #1 (T/F) an entrepreneur is someone who creates a firm and more.List four benefits of entrepreneurial thinking. - Earning money without having to depend on others. - Achieving pride and personal satisfaction. - Getting to make your own rules. - Opens opportunities to help make your community and world a better play in which to live.Step 9: Establish accurate controls. Step 1: Vision and Mission. Vision- the result of an entrepreneur's dream of something that does not exist yet and the ability to paint a compelling picture of that dream for everyone to see. Vision- is a clear sense of the future that is based on the owner's values. Vision Statement.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who...?, Meaning and derivation of entrepreneur, Who coined the word "entrepreneur" and when? and more.An Entrepreneur. Someone who takes a risk in starting a business to earn a profit. -typically want to be their own boss. -they possess skills and abilities. Characteristics of a successful entrepreneur. -persistent, inquisitive, energetic, goal oriented, independent, self-confident, creative, reliable, competitive. Importance to the economy.Study with Quizlet and memorize flashcards containing terms like What is the motto of the World Economic Forum? Select one: a. "The youth of today are the future for tomorrow." b. "Entrepreneurship in the global public interest." c. "Committed to improving the state of the world" d. "Global development and entrepreneurship are in the hands of the future …Study with Quizlet and memorize flashcards containing terms like What is the definition of an entrepreneur? *someone who manages a business *someone who owns a business and makes profit off that business *someone who creates, owns, and runs a business *none of above, Which of the following is NOT true about an entrepreneur? * gets to act …With virtual learning becoming more popular than ever before, online educational resources like Quizlet Live are becoming essential tools for teachers everywhere. Since its introdu...Study with Quizlet and memorize flashcards containing terms like Which of the following jobs is referred to as a trade? a. social work b. administration c. carpentry d. graphic design, Which of the following is an advantage of being an entrepreneur in the consumer service industry? a. The only initial investment required is the purchase of hard goods.Whether you’ve already got personal capital to invest or need to find financial backers, getting a small business up and running is no small feat. There will never be a magic solut...An entrepreneur is someone who: organizes & manages any enterprise, especially a business, usually with considerable initiative and risk. Entrepreneurs commonly share traits of: creativity, persistence, and resilience. In addition to undertaking risks, entrepreneurs often work long hours and make a lot of sacrifices.Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work _____., You should always do research about the company you're applying for a job or interviewing with., An entrepreneur is someone who _____ and more.An entrepreneur is an individual(s) who starts and runs their own business. The business can be anything from a small recycling venture to a large manufacturing hub. The entrepreneur takes the initiative to create something new for the customers, something that they need, and further, the entrepreneur is ready to take the risks associated with ...Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who...?, Meaning and derivation of entrepreneur, Who coined the word "entrepreneur" and when? and more.Is started from scratch and comes with the freedom to create the business however you want. Buying a franchise. Is like buying a business kit that already includes widespread name and brand recognition. Social Science. Business. Unit 1: Being an Entrepreneur. Revenue. Click the card to flip 👆. Total money coming into a company or business.What are the three commonly defined reasons that people become entrepreneurs? * desire to be their own boss. * desire to pursue their own ideas. *financial rewards. * revenge ex: Shrek. What is the definition of entrepreneurship? pursuit of opportunity without regard to resources currently controlled.Therefore, some scholars argue that moral entrepreneurship is also a component of ethical leadership alongside the components of the moral person and the moral manager. Certain studies of the predecessors of ethical leadership have discovered that following an ethical mentor increases the likelihood of ‘breeding’ new ethical leaders.A new business should be based on an entrepreneur's individual interests because the entrepreneur must. dedicate as many hours as needed to the work. Study with Quizlet and memorize flashcards containing terms like To be successful, an entrepreneur must be willing to invest money, considerable effort, and, What must an entrepreneur assume when ...Study with Quizlet and memorize flashcards containing terms like the word entrepreneur originates from the french word entrependre which means ?, who said the entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield?, "The function of the entrepreneur is to reform or revolutionize the pattern of production" and more.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who creates, The word entrepreneur originated from the French word, The French word "entreprendre' means and more.Study with Quizlet and memorize flashcards containing terms like How do employees and entreperneurs differ?, What is the "nothing ventured, nothing gained" relate too?, Why are most business considered small ? and more. ... Employees work for someone else. ... Entrepreneurs making an investment of money, time, and energy in hopes of receiving ...An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed? a dedication to hard work. a willingness to admit failure. an ability to learn from mistakes. an assumption of responsibility. c. An entrepreneur would most likely be a. low risk taker.An entrepreneur is someone who creates, owns, and potentially runs a business. an entrepreneur's salary is evaluated based on his ability to complete tasks assigned to him. NOT true about an entrepreneur. All of the above. An example of an asset. They should never be revised. NOT a true statement about business plans. Aggressiveness and Intensity.1- Understand fully the concepts and principles of entrepreneurship. 2- Internalize and Live out the character traits that are common among successful entrepreneur. 3- acquire, develop, sharpen, and focus your entrepreneurial skills. Study with Quizlet and memorize flashcards containing terms like Entrepreneurial Skills, Skills, COGNITIVE ...b. Donna Cook started a cleaning service 10 years ago. c. Gwen Morgan manages The Secret Garden, a business owned by her sister. d. Elmer Olsen created Bayfield Apple Jam and distributes the jam nationally. c. Gwen Morgan manages The Secret Garden, a business owned by her sister.Study with Quizlet and memorize flashcards containing terms like An entrepreneur is someone who..., What is a characteristic?, Characteristcs of an entrepreneur and more. Try the fastest way to create flashcardsAn entrepreneur is someone who starts from an idea and builds a new business, which often involves taking a financial risk. To do that, one must be innovative and creative, but also very career-oriented, as this venture will likely consume most of their time, money, and energy.An entrepreneur should be very responsible, conscientious, and pay attention to detail.entrepreneur is a french word that originally meant: a. someone who owns a business. b. someone who owns, runs, and makes financial gains in business. c. someone who makes financial gains in a business. d. someone who undertakes any project that entails risk. e. someone who runs a business. d. someone who undertakes any project that entails ...Study with Quizlet and memorize flashcards containing terms like A common characteristic of entrepreneurs is:, A _____ is a business with one owner who assumes unlimited liability., Greg's band wants to form a partnership. General partners will include the drummer, two guitarists, one keyboardist, and one singer. Greg's great-uncle, a musician in his own right plans to provide $30,000, but ...Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work, You should always do research about the company you're applying for a job at or interviewing with (true or false), An entrepreneur is someone who and more.economy. Reduces number of people claiming (blank) benefits. An entrepreneur is someone who is willing to take risks to (blank) achieve business success. Must be full of (blank) determination. Study with Quizlet and memorize flashcards containing terms like Takes (blank) risks, (blank) from their mistakes, Has a sense of (blank) and more.Study with Quizlet and memorize flashcards containing terms like Conducting a(n) _____ on cash flow involves assigning a + or - probability to the estimated value, Entrepreneurs in the _____ quadrant of firm growth aspire to grow their businesses but do not possess the ability to do so, A _____ occurs when an entrepreneur or an employee group used borrowed funds to purchase an existing venture ...Entrepreneurship: Truths and Types. 37 terms. korinademe. Preview. World History Vocabulary 1. Teacher 22 terms. Trey_Sleep. ... a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. ... Quizlet for Schools; Language Country. United States ...One objective of entrepreneurship is to make a profit. - B. Taking on business debt is a requirement for entrepreneurship. - C. An entrepreneur is a person who assumes the responsibilities and risk of starting a business.Study with Quizlet and memorize flashcards containing terms like Which one of the following is not a benefit of a business plan to the entrepreneur? a. Provides a comprehensive product-launch timetable. b. Allows the entrepreneur to view the venture critically and objectively. c. Quantifies objectives, providing benchmarks for comparing forecasts with actual results. d. Provides a ...record of information about an individual, from a French word meaning "to sum up" or a summary. what is an entrepreneur? is a person who sees a problem and starts a business to solve that problem, someone who starts and runs their own business. what are the characteristics of a entrepreneur? a visionary, disciplined, are passionate.An entrepreneur is a person who _____ a business venture. B. assumes the risk for The process through which individuals see an opportunity, create and distribute a product or service, and hopefully make a profit is known as entrepreneurship.Spotted a business opportunity. Profit may be greater than wage. Help others. Need a job. Study with Quizlet and memorize flashcards containing terms like Entrepreneur …Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work _____. That pays you a lot of money You're passionate about With nonprofits That's easy, You should always do research about the company you're applying for a job at or interviewing with. True False, An …Study with Quizlet and memorize flashcards containing terms like What is an entrepreneur?, How do entrepreneurs and employees differ?, Why are most business considered small? and more. Fresh features from the #1 AI-enhanced learning platform.Solo Entrepreneur. is independent and has autonomy from authority structures. Using one's personal and specialized talent that others may not have. Customers are willing to pay to someone who has the ability to do or perform something that is unique and special for others. Specialty Service Entrepreneur.According to Frank Moyes, a successful entrepreneur and former teacher at the University of Colorado, the most important reason for business planning is that: a) It eliminates the need to market. b) It eliminates surprises. c) It requires the entrepreneur to get the answers to some difficult questions. d) It solves problems before they occur.An entrepreneur is an individual who starts and runs a business with limited resources and planning. This individual is responsible for all the risks and rewards of …BUS 101 Test #1. Compared to working for an employer, an entrepreneur who starts a small business is likely to spend: Click the card to flip 👆. significantly more time working because so much depends on her. Click the card to flip 👆. 1 / 50.Myth 1: Entrepreneurs are doers, not thinkers. Myth 2: Entrepreneurs are born, not made. Myth 3: Entrepreneurs are academics. Myth 4: All you need is money to be an entrepreneur. Myth 5: All you need is luck to be an entrepreneur. Myth 6: Ignorance is bliss for an entrepreneur. Myth 7: Entrepreneurs seek success but experience high. …Study with Quizlet and memorize flashcards containing terms like A(n) _____ is someone who recognizes an opportunity to start a business that other people may not have noticed and acts on it., According to French economist Jean-Baptiste Say, entrepreneurs _____., The free-enterprise system _____. and more.Study with Quizlet and memorize flashcards containing terms like According to the U.S. Small Business Administration, a common delineation of a small business is one that employs fewer than _____ people., An entrepreneur is one who _____., Nearly _____ of entrepreneurs start their businesses between the ages of 20 and 44 and the number of Americans in that age range currently is _____ . and more.The advantages of being an entrepreneur are _____. flexibility, independence, and salary potential. The three traits an entrepreneur must possess to be successful are _____. sight & foresight, decision making, and motivation. In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that ...Let's start with the term entrepreneur. An entrepreneur is a person who creates, organizes and manages new business. It operates the business and assumes risk for its success. Some of the qualities an entrepreneur must have are initiator, passionate, accountable and responsible.Study with Quizlet and memorize flashcards containing terms like 1) Entrepreneurship is: A) managing businesses for others. B) managing businesses that operate in multiple countries. C) accepting the risk of starting and running a business. D) a controlling interest in the ownership of a corporation., 2) Which of the following U.S. issues does entrepreneurship most directly affect?Study with Quizlet and memorize flashcards containing terms like the young entrepreneur already had started three different businesses, all of them profitable. An entrepreneur is a person who, Italians probably held strong nationalist desires because, How did industrialization create new social classes as well as the conditions for the development of socialism and more.According to a French economist,_________________, an entrepreneur is a person who shifts economic resources out of an area of lower productivity into an area of higher productivity and greater yield. Joseph Schumpeter. `promise of growth, expansion, and long-term financial gain.Role of an entrepreneur. Term. 1 / 12. what is an entrepreneur? Click the card to flip 👆. Definition. 1 / 12. a person who sets up a business and takes risks in hope of profit and reward.Study with Quizlet and memorize flashcards containing terms like The best way to make the contribution you were born to make is by doing work_____________ ., You should always do research about the company you're applying for a job at or interviewing with., An entrepreneur is someone who__________. and more.Study with Quizlet and memorize flashcards containing terms like An individual who initiates, creates and manages a new business can be called? A.) A Leader B.) A Manager C.) A Professional D.) An Entrepreneure, Which statement is NOT true of entrepreneurs? A.) They take risks B.) They change that way businesses convert inputs and outputs C.) They apply innovative ideas D.) They generally ...Q-Chat. ebonin Teacher. Study with Quizlet and memorize flashcards containing terms like • Entrepreneur, Risk, Lifestyle Entrepreneur and more.An entrepreneur is an innovative initiator who takes the responsibility to translate ideas into commercially viable innovation, entities, or businesses, taking on …Study with Quizlet and memorize flashcards containing terms like A(n) _____ is someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it. a.small business owner b.entrepreneur c.executive d.marketer, While many _____ ventures are based on innovative ideas, others revolve …About half of all start-ups use credit cards as a source of financing. Social Science. Business. Chapter 7 QUIZ. In 2010, U.S. entrepreneurship rates reached their highest level in 15 years. This is seen as a hopeful sign, because job seekers become potential job creators. Click the card to flip 👆. True.B) getting fired. C) making a bad business decision. D) losing time with family. D. An intrapreneur is someone who. A) has been given some freedom by his or her employer to be creative and try new ideas. B) is more likely to feel inspired in his or her job. C) thinks and behaves like an entrepreneur even when working as an employee.The entrepreneur opens his/her own business under the principle of entrepreneurship. It must be self-owned in order to qualify as an entrepreneurial endeavor. A business is considered self-owned when the person managing its daily activities is also its owner. Answer: Entrepreneurship entails opening and managing the self-owned enterpriseStudy with Quizlet and memorize flashcards containing terms like Capitalism is also known as what? A. A free enterprise system B. A monopoly C. Spending power D. Inflation, What is the name for the percentage of people who don't have jobs in a country or area? A. The unemployment rate B. The spending rate C. The inflation rate D. The GDP growth rate, Which type of entrepreneur starts a ...Study with Quizlet and memorize flashcards containing terms like Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding if the signal represents an opportunity for someone., Entrepreneurial opportunities are those situations in which new goods, services, raw materials, and organizing methods can be sold at greater than their production cost., Sustainable ...record of information about an individual, from a French word meaning "to sum up" or a summary. what is an entrepreneur? is a person who sees a problem and starts a business to solve that problem, someone who starts and runs their own business. what are the characteristics of a entrepreneur? a visionary, disciplined, are passionate.... opportunity. Don't know? 3 of 10. Term. An entrepreneur is someone who. Choose matching definition. Starts and runs a business. Is an employee of a business.they provide jobs, create wealth, new industries, improve society, help people and the environment and create new competition. define entrepreneurship. an activity that involves the discovery, evaluation and exploration of opportunities to introduce new goods and services, ways of organizing, markets, processes, and raw materials through ...Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Business plans, Assets and more. ... An entrepreneur is someone who creates, owns and potentially runs a business. Business plans. An entrepreneur gets to act as his own boss, has ownership in the business and is responsible for the success of their business. ...Study with Quizlet and memorize flashcards containing terms like Economics, scarcity, opportunity and more. ... someone who brings resources together and produces a product, a risk taker. A. The role of the entrepreneur in an economy is to: A) Bring the factors of production together and assume the risk of production. B) Work with government ...Someone who takes a risk in starting a business to earn a profit. Entrepreneurship. The process of starting, organizing, managing, and assuming the responsibility for a business. Venture capital. Money provided by large investors to finance new products and new businesses that have a good change to be very profitable. Innovation.15. Which of these people are examples of entrepreneurs? Steve Jobs, Sean "Diddy" Combs, Oprah Winfrey. Study with Quizlet and memorize flashcards containing terms like 1. A good entrepreneur will, 2. Which is an advantage of owning a franchise?, 3. Which of the following would NOT be a good place to go to get advice? and more.Terms in this set (21) Entrepreneurs. People who own, operate, and take the risk of a business venture. Entrepreneurship. The process of running a business of one's own. Employees. People who work for someone else. Self-Assessment. An evaluation of your strengths and weaknesses.Study with Quizlet and memorize flashcards containing terms like What is an Entrepreneur?, What is a reason why entrepreneurship is important?, How does entrepreneurship affect productivity? and more. ... An entrepreneur is a person who starts his/her own business instead of working for someone else. Click the card to flip 👆 ...Study with Quizlet and memorize flashcards containing terms like What is an entrepreneur?, What is a business used for?, What are the needs for a business? and more.The concept of the metaverse has been gaining significant attention in recent years. With advancements in technology and the rise of virtual reality, the metaverse is becoming a re...List four benefits of entrepreneurial thinking. - Earning money without having to depend on others. - Achieving pride and personal satisfaction. - Getting to make your own rules. - Opens opportunities to help make your community and world a better play in which to live.Study with Quizlet and memorize flashcards containing terms like Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding if the signal represents an opportunity for someone. T/F?, Entrepreneurial thinking partly is about reducing doubt as to whether an opportunity for someone is also an opportunity for them specifically, and/or processing feedback from ...The definition of an entrepreneur is a person who. Is willing to take a risk in the hunt for new business opportunities. Which business opportunity would be created by opening a store on the World Wide Web? An internet-based business. Which is an advantage of owning a franchise?Entrepreneur is an individual who takes risk in order to start and manage a business in order to make profit. Venture capitalists are people or firms who invest in new enterprises in return for a share of ownership in those businesses. Capitalistic adventurer is a venture capitalist who has a tendency to take bigger risks.Study with Quizlet and memorize flashcards containing terms like An entrepreneurial venture and a small business ________., One key difference between an entrepreneurial venture and a small business is that the entrepreneurial venture focuses on ________., Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________. and more.getting a loan from a bank. bootstrapping. spending money and watching "burn rate". Study with Quizlet and memorize flashcards containing terms like Entrepenuership, What are the types of entrepreneurial activities people engage in?, Why is innovation an important element of entrepreneurship? and more.Find step-by-step Management solutions and your answer t, BUS 101 Test #1. Compared to working for an employer, an entrepreneur who starts a small busi, External Locus of Control, The academic study of entrepreneurship has identified a p, Study with Quizlet and memorize flashcards containing terms like The best way to make the contri, a person who organizes and manages any enterprise, especially a b, Study with Quizlet and memorize flashcards containing terms like Taking a risk to develop a new busines, Terms in this set (10) Entrepreneur. is someone who creates, , Study with Quizlet and memorize flashcards containi, Entrepreneurship. An entrepreneur is an individual who create, Business. Unit 1: Becoming an Entrepreneur Review Ques, Myth 1: Entrepreneurs are doers, not thinkers. Myth 2: Ent, Study with Quizlet and memorize flashcards containin, T/F: An entrepreneur is a person who opens and manage, Study with Quizlet and memorize flashcards containi, Study with Quizlet and memorize flashcards containing, Study with Quizlet and memorize flashcards containing terms like _____, Skill in non-verbal communication. 3. Skill in listen, Study with Quizlet and memorize flashcards containing terms.