What It Takes
What is the age limit to become an entrepreneur?
a.21
b.18
c.none
c.none
CTRL + C
copy
Lemonade is an example of a.......
Good
What is one called who is considering going into business for themselves?
Entrepreneur
What are two characteristics of an entrepreneur?
a.Creativity
b.Hard work
c.Vision
d. All of the above
D. and many more!
What keys do you press to CUT?
CTRL + X
A sole proprietorship is ......?
a.there are shareholders
b.a business in which a single person does everything
c.a business that is owned by two or more people
d.can have many employees and as large or small as the owner chooses
b. a business in which a single person does everything.Their big advantage is that they do not require any paperwork with state or federal governments, so they are easy to set up. A big drawback is sole proprietor is responsible for any debts or damages created by the business.
What is the difference between an entrepreneur and entrepreneurship?
a entrepreneur is a person who organizes, operates and takes on the risk of a business.
a entrepreneurship is the process of designing. launching and running a business.
What does capital mean?
money
Entrepreneurs must know what to sell. What two things can businesses sell?
a product and/or service
Who is the founder of Microsoft?
Bill Gates
A partnership is ....?
a.they have a board of directors
b.owned by two or more people
c.protects owners when things go bad
b. owned by two or more people. If you and a good friend have the same great idea, a partnership might be the way to go. A partnership is a business owned by two or more people. They enter into a legal agreement after they define the terms, like how profits will be divided, who will do what jobs in the business, where funding will come from, etc. They are much like sole proprietorships in that the partners are personally responsible for anything that goes wrong or debt that the business creates.
a Lemonade stand is an example of a..........
Service
McDonalds and Burger King are always in _____________ with each other.
Competition
What is a customer base in a small business?
a.people who regularly purchase goods
b.people who use a service from a business
c.both a & b
c. both a & b
Who is the founder of Apple iPhone?
Steve Jobs
A corporation is ........?
a.owners pay taxes through their personal income taxes
b.involves:shareholders,board of directors and are legally separate from the owners
c.responsible for any debt or damages created by the business
b. generally involve shareholders, individuals who invest in the company. They also have a board of directors, which manage the company. They are legally a separate entity from the people who own and/or manage it. So if there is a problem, the corporation is responsible and will have to pay any resulting expenses out of its profits.
When you invent a new product idea, you need to apply for this to protect from others using, making or selling your invention
Patent
What is the term used when a business makes money after all expenses are paid?
profit
What is something an entrepreneur must know?
a. potential threats
b. how to market the product
c. target audience
d. all of the above
d. all of the above
WWW. =
What is an advantage to finding a target market?
a.know who to sell to
b.produce a product/ service that will sell
c.both a & b
c. both a & b,understanding who to sell to, producing a product/service that will sell
Facial recognition is an example of........
Artificial Intelligence (A.I.)
What is an example of an asset?
- car
- property
- buildings
-furniture
-machinery