Basic Concepts
The process of creating and running a new business is called this.
Entrepreneurship
A venture that reinvests its profits to benefit society rather than owners.
Nonprofit organization
This role focuses on inspiring and motivating others.
Leader
This idiom means starting over because the previous plan failed.
Back to the drawing board
What is the largest planet in our solar system?
Jupiter
This is a short description of what the business aims to achieve.
Mission
A business owned by two or more people who share equal responsibilities and liabilities.
General Partnership
This role focuses on planning, organizing, and controlling.
Manager
If someone runs a project with very little money, they are working ___.
On a shoestring
Who painted the Mona Lisa?
Leonardo da Vinci
What the business would like to achieve in the future
Vision
A business owned by shareholders and run by professional managers.
Large Corporation
This leader makes decisions without consulting others.
Autocratic Leader
When a team decides to stop working for the day, they say this phrase.
.Call it a day
What is the capital city of Japan?
Tokyo
This type of entrepreneurship runs small, local businesses like restaurants or shops.
Small business
A business owned and run by one person is known as this.
Sole Proprietorship
This leader focuses on clear structures, rewards, and punishments.
Transactional Leader
When it’s someone else’s turn to take action or make a decision.
The ball is in your court
Who wrote Romeo and Juliet?
William Shakespeare
This type focuses on growing fast and attracting investors.
Scalable Start-up Entrepreneurship
A business structure that protects owners from personal liability for business debts
Limited liability partnership
This leader gives complete freedom to team members
Laissez-faire Leader
A highly competitive and ruthless environment is called this.
Dog-eat-dog world
Who was the first person to step on the moon?
Neil Armstrong