Vocabulary
Chapter 5
Chapter 6
Chapter 7
Chapter 8
100
An independently owned business that usually has the owner as its manager.
What is a small business.
100
What is one of the 12 Characteristics of Successful Entrepreneurs?
What is Persistent, Risk-Taking, Self-confident, restless, Goal-oriented, Action-oriented, Responsible, Self-demanding, Creative, Independent, Inquisitive, Enthusiastic
100
What percent of businesses are Sole Proprietorships?
What is 75%
100
What are the Four Functions of Management?
What is Planning, Organizing, Leading, and Controlling
100
What type of leadership is which where one person runs everything?
What is Autocratic Leadership
200
Is the process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.
What is marketing
200
What administration helps creates a checklist to help people see if they have the recommended traits for a career in entrepreneurship?
What is The Small Buisness Administration
200
How many times is income from a corporation taxed?
What is twice.
200
How many different level managers are there?
What is 3
200
Giving managers and employees the power to run things and makes decisions is called what?
What is Delegating
300
The process of creating, expanding, manufacturing, or improving goods and services.
What is Production
300
What are the two names for an online business?
What is a virtual business and a dot-com company.
300
What is a major disadvantage to owning a sole proprietorship?
What is Unlimited Liability
300
True or False: Centralized Organization puts authority in one place- top management.
What is True
300
Where did self-managed teams originate?
What is Japan
400
Is responsible for the daily operations of a buisness.
What is an Opertional Manager
400
What is one reward for becoming an entrepreneur?
What is Being the Boss, Doing What You Enjoy, Having the Opportunity to Be Creative, Building an Enterprise, Develop your own schedule, Work at Home
400
What is the main focus of a nonprofit organization?
What is To provide a service
400
What level job do most managers start out in?
What is Entry-Level Jobs
400
True or False: Free-rein leadership requires the leader to set goals for managers and employees and then leave them alone to get the job done.
What is True
500
Shows how the firm is structured and who is in charge of whom.
What is an Organzizantional Chart
500
How many essential parts of a business plan are there?
What is 16.
500
What are the three types of business organizations?
What is Sole Proprietorships, Partnerships, and Corporations.
500
Small businesses are run informally or formally?
What is Informally
500
What is love?
What is Baby don't hurt me, don't hurt me, no more.
M
e
n
u