Entrepreneurship
Business Plan
Business Types
Management
Leadership
100
An independently owned business that usually has the owner as its manager, serves a limited geographic area and employs fewer than 500 people.
What is a small business?
100
A brief account of the key points contained in a business plan
What is the "Executive Summary."
100
Makes all the decisions, runs the company as they see fit, and keeps all the profits.
Who is a "Sole Proprietor?"
100
Planning, organizaing, leading, and controlling.
What are the four functions of management?
100
The ability to act and make decisions without the help or advice of others.
What is "initiative?"
200
A new business undertaking that involves risk.
What is a venture?
200
Presents your qualifications and those of any partners you might have.
What is the "Management Team Plan?"
200
A business owned by one person.
What is a "Sole proprietorship?"
200
Shows how the firm is structured and who is in charge of whom.
What is an "organizational chart?"
200
The study of how people interact in the workplace and how communication can be improved.
What is "Human relations?"
300
A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.
What is an entrepreneur?
300
Presents research about the customer profile.
What is the "Market Analysis?"
300
A business owned by two or more people who share its risks and rewards.
What is a "Partnership?"
300
Providing direction and vision.
What is "leading."
300
A style in which one person runs everything and makes all decisions without consulting others.
What is "autocratic leadership?"
400
Getting start-up funds, being fully responsible, feeling alone, working longer hours, possibility of losing investment.
What are the challenges of being an entrepreneur?
400
Establishes the scope and purpose of a company and reflects its values and beliefs.
What is the "Vision Statement?"
400
A company that is registered by a state and operates apart from its owners.
What is a "Corporation?"
400
Divides responsibility among specific units, or departments.
What is "departmentalization?"
400
Giving managers and employees the power to run things and make decisions.
What is "delegating?"
500
Control their actions without outside direction.
Who are "self-disciplined" people?
500
Expresses the specific aspirations of a company, the major goals it will try to reach.
What is the "Mission Statement?"
500
Holds a firm's owners responsible for no more than the capital that they have invested in it.
What is "limited liability?"
500
Management structure that puts authority only in top management.
What is "a centralized organization?"
500
An adherence to a code of ethical values such as honesty, loyalty, and fairness.
What is "integrity?"
M
e
n
u