A
ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc.
A.) Demographics
B.) Discovery
C.) Resourcing
D.) Harvesting
B.) Discovery
The process of starting and operating one’s own business.
A.) Entrepreneurship
B.) Innovation
C.) Entrepreneur
D.) Business ethics
A.) Entrepreneurship
A proposal that describes a new business.
A.) Capital
B.) Trademark
C.) Copyright
D.) Business plan
D.) Business plan
An individual who undertakes the risk associated with creating, organizing, and owning a business.
A.) Entrepreneurship
B.) Business ethics
C.) Entrepreneur
D.) Opportunity
C.) Entrepreneur
An idea that has commercial value.
A.) Innovation
B.) Small business
C.) Opportunity
D.) Demographics
C.) Opportunity
A brief description of the key points of the business plan.
A.) Executive summary
B.) Trademark
C.) Start-up resources
D.) Idea
A.) Executive summary
Data that describes a group of people in terms of their age, marital status, family size, ethnic background, gender, education, and income.
A.) Resourcing
B.) Harvesting
C.) Demographics
D.) Venture
C.) Demographics
Sometimes referred to as “mom and pop” businesses. Small businesses are generally started to create jobs for the owners.
A.) Small business
B.) Corporation
C.) Opportunity
D.) Innovation
A.) Small business
Entrepreneurs look for challenging opportunities. They are not afraid to take risks.
A.) inquisitive
B.) independent
C.) risk-takers
D.) self-confident
C.) risk-takers
Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision.
A.) independent
B.) inquisitive
C.) self-confident
D.) goal-oriented
A.) independent
Capital and resources needed to start a business.
A.) Capital
B.) Executive summary
C.) Start-up resources
D.) Trademark
C.) Start-up resources
The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.
A.) Venture
B.) Demographics
C.) Actualization
D.) Resourcing
D.) Resourcing
A new or different product.
A.) Service
B.) Innovation
C.) Opportunity
D.) Small business
B.) Innovation
A written description of the purpose of a company and the management’s philosophy.
A.) Summary
B.) Mission statement
C.) Innovation
D.) Opportunity
B.) Mission statement
Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems.
A.) inquisitive
B) goal-oriented
C.) independent
D.) self-confident
A.) inquisitive
The stage in which the entrepreneur operates the ventures and utilizes resources to achieve its goals/objectives.
A.) Actualization
B.) Resourcing
C.) Demographics
D.) Discovery
A.) Actualization
Wealth in the form of money or property, used or accumulated in a business by a person, partnership, or corporation.
A.) Venture
B.) Capital
C.) Resourcing
D.)Harvesting
B.) Capital
The stage in which the entrepreneur decides on a venture’s future growth, development, or demise.
A.) Resourcing
B.) Actualization
C.) Venture
D.) Harvesting
D.) Harvesting
A business undertaking involving risk.
A.) Venture
B.) Harvesting
C.) Actualization
D.) Demographics
A.) Venture
A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture.
A.) Code of ethics
B.) Innovation
C.) Business ethics
D.) Resourcing
A.) Code of ethics
The exclusive rights granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years willing and able to produce at different prices.
A.) Copyright
B.) Harvesting
C.) Patent
D.) Small business
C.) Patent
Applying principles of right and wrong to situations in the workplace.
A.) Code of ethics
B.) Innovation
C.) Mission statement
D.) Business ethics
D.) Business ethics
Any name, symbol, figure, letter, word, or mark adopted and used by a manufacturer or merchant in order to designate his or her goods.
A.) Capital
B.) Patent
C.) Venture
D.) Trademark
D.) Trademark
The stage in the entrepreneurial process in which the entrepreneur plans the venture, identifies needed resources using a business plan, and identifies strategies to protect intellectual property.
A.) Concept Development
B.) Resourcing
C.) Venture
D.) Actualization
A.) Concept Development
The legal right granted to an author, composer, playwright, publisher, or distributor to exclusive publication, production, sale, or distribution of a literary, musical, dramatic, or artistic work.
A.) Capital
B.) Copyright
C.) Business plan
D.) Trademark
B.) Copyright