Vocabulary Words
What is Innovation?
A Mew method Idea, Product, Etc.
To refer to a profession, occupation, trade or vocation.
What is a career?
What is the definition of objectivity?
The quality of being objective.
What is the meaning of business ethics?
The rules, principles, and standards of deciding what is morally right or wrong when working.
What is the characteristic of entrepreneurship?
Leadership, Vision, Discipline, Curiosity, creativity etc
What is a Manager?
A person who is responsible for controlling or administering all parts of the company.
Unlimited Income, Be your/their own boss, Flexibility, Control etc.
Why do people pursue a career as an Entrepreneur?
What is the meaning of self- assessment?
The act or process of analyzing an evaluating oneself or one's actions.
What is the difference between ethics and regulations?
Regulations are rules or directive made and maintained by an authority.
Ethics-The science of a standard human conduct.
What is business ownership?
A person who organizes and operates a business or businesses.
What is Etiquette?
The Customary code of polite behavior in a society or among members.
Poor Location. Low cash flow, Poor customer service etc.
\Why do businesses often Fail?
Why is it important to determine entrepreneurial potential?
To identify as many people as possible with potential for self-employment and to attract them as founders of new businesses or company successors.
Why is it important to apply ethics in business?
Improved public reputation, Legal business ethics, Legality, Retain good employees etc.
What are the different types of Corportation?
S corp, C corp, Limited liability company, Nonprofit, professional corp etc.
What is Globalization?
Start operating on an international scale.
What resources are available to assist entrepreneurship?
Business websites, Business blogs, Mobile app tools etc
What is the importance of self-assessment and reflection?
A powerful way to enhance a student's learning experience
Why do some businesspeople choose to behave unethically?
When they don't see their action clearly causing harm etc.
In providing opportunities for employment and personal growth.
What role do franchises play in our society?
What is Business-Format Franchise?
A business in which the operator pays a mixture of upfront and ongoing feels in order to license the brand name and supporting resources of a parent company.
Entrepreneurship- A person that has their own business.
Small Business Owners- Creates companies with existing characteristics.
Managers-A person responsible for controlling or administering all parts of the company.
what are the differences between entrepreneur, small business owners, and managers?
To identify the business opportunities for which they are best suited.
How does a self-assessment help to determine Entrepreneurial potential?
Set the tone for Employee Behavior, Reputation, Improve employee happiness, Build Trust etc.
Why is it important to apply ethics in business?
What factors are relevant to the choice of ownership form?
Cost of Start-up, Taxation, Financing, Entrepreneurial Ability etc.