EntrepreneurshipBasics
Business Plan
Business Entities
Business Logos
100
What is entrepreneurship?
The process of starting and running and business
100
What section of the business plan provides an overview of the company's goals and objectives?
The company description.
100
Name the type of business entity where the owner has complete control of the business and receives 100% of the profit.
Sole Proprietorship.
100
Name the fast-food chain associated with this logo.
Mcdonalds
200
What are characteristics of a successful entrepreneur?
Creativity, resilience, leadership, and risk-taking.
200
What section of the business plan details the products or services offered by the company?
The products or services section.
200
How many individuals are considered for ownership in a partnership?
A partnership involves two or more people.
200
What company is this?
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Dropbox
300
Apart from creativity and risk-taking, identify another characteristic commonly found in successful entrepreneurs.
Determination and Perseverance
300
What section of the business plan outlines how the company will handle legal matters?
The legal plan.
300
Who is responsible for managing a partnership?
The management of a partnership is determined by the partnership agreement.
300
What App is this?
Slack
400
What is a sole proprietorship?
A business owned and operated by one individual.
400
What section of the business plan describes the structure of the company's management and its operations?
The management plan and operating plan.
400
What type of partnership includes both general partners who manage the business and limited partners who have reduced involvement and risk?
Limited Partnership (LP).
400
What note keeping app is this?
Evernote
500
Name one type of business entity other than sole proprietorship.
Partnership, corporation, or LLC
500
What section of the business plan provides financial forecasts, including revenue projections and expenses?
The financial plan.
500
Who owns a corporation, which is a legal entity with the authority to act as a single person?
Stockholders or shareholders.
500
What clothing company is this?
Lululemon