A
Legal structure in which owners or shareholders are taxed separately from its owners and enjoy limited liability
What is a corporation?
What are angel investors?
The ability and readiness to develop and run a business enterprise along with any uncertainties to make a profit
What is entrepreneurship?
An individual who establishes a new business, bearing most of the risks and enjoying most of the rewards
What is an entrepreneur?
An association of 2 or more persons who operate a business together for profit
What is a partnership?
A hybrid entity organized like a corporation but taxed like a partnership that is limited to no more than 100 shareholders
What is a Subchapter S corporation?
Business structure that offers the personal liability of a corporation with the pass-through taxation of a sole proprietorship or partnership
What is a limited liability company (LLC)?
The full legal responsibility that sole proprietors and partners assume for all business debts
What is unlimited liability?
A way to source money for a company by asking a large number of backers to each invest a relatively small amount in return for equity shares of the company
What is crowd investing?
An employee tasked with developing an innovative idea or project within a company
What is an intrapreneur?
An individual who is the exclusive owner of a business, entitled to keep all profits and be responsible for all business debts
What is a sole proprietor?
Private equity investors who provide capital to companies exhibiting high growth potential in exchange for an equity stake
What are venture capitalists?
A young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market
What is a start-up?
The extent to which a person is willing to take chances with respect to possible financial loss
What is risk propensity?
A way of working for yourself as a freelancer or owner of a business rather than for an employer
What is self-employment?
Right granted to an inventor by the federal government that permits the inventor to exclude others from making, selling or using the invention
What is a patent?
The propensity of an individual to attribute success or failure to his or her own efforts, rather than external factors
What is an internal locus of control?
The degree of wealth and material comfort available to an individual, community or society
What is a standard of living?
Forward-looking perspective in which an individual looks for opportunities to provide value beyond what others expect
What is proactivity?
A person's ability to act on his or her own values and interests
What is autonomy?