Risk and Reward
is responsible for the success or failure of his or her business
What is an entrepreneur?
an experienced person who volunteers to provide free guidance, tutoring, and suggestions to younger individuals is called a(n)
What is a Mentor?
the ultimate goal of the business
What is a vision statement?
set of moral principles that govern decisions and actions.
What is Ethics?
the best economic system for entrepreneurs.
What is a Market Economy?
As an entrepreneur, the amount of money you receive from your company
What is depends on the success of the business. it is not stable
a natural ability to do well at a task
What is Aptitude?
One way to reduce a business's carbon footprint is through
What is Sustainable Design, becoming a green company, using alternative energy, or using organic materials?
artistic and industrial creations of the mind.
What is Intellectual Property?
Consumers buy more products when
What is pricing is low?
as an entrepreneur, the amount of time you spend working is typically
What is more than an employee, particularly during the initial start-up
Enthusiastic entrepreneurs can see problems as
What is an Opportunity?
Pauline's Pooch Palace gives $1 from every dog grooming to the local animal shelter. This is an example of
What is Philanthropy?
openness and accountability in business decisions and actions
What is Transparency?
supply and demand are balanced
What is Equilibrium?
major reward of being an entrepreneur
What is making money, being the boss, or doing work you enjoy?
This skill helps entrepreneurs analyze financial statements.
What is Math Skills or Business Skills?
buying from suppliers who provide safe working conditions and respect workers’ rights.
What is Ethical Sourcing?
a well-written code of ethics
What is enhancing a business's reputation, helping attract quality employees, and preventing legal problems?
the value of one currency unit in relation to another
What is an Exchange Rate?
These people can become an entrepreneur
Who is Anyone?
practice that gives employees opportunities to be creative and try out new ideas
What is Intrapreneurship?
This helps entrepreneurs in developing countries
What is Fair Trade?
The owner of a children's clothing store uses popular cartoon characters in her ad. This might be an example of
What is Copyright Infringement?
Transaction in which both suppliers and consumers believe they benefit
What is Voluntary Exchange?