Rutiri - Entrepreneurship Chapter 1"What is Entrepreneurship"
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| Businesses buy and sell _______ and ___________ to make a profit to make a profit. | show 🗑
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| People who work for someone else’s business to earn wages are _________. | show 🗑
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| show | False - They are entrepreneurs!
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| Profit is the money a company has left after expenses and taxes are paid. | show 🗑
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| show | 1. That customers need.
2. At prices customers are willing to pay.
3.To earn a profit.
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| Entrepreneurship is a way of thinking that includes: | show 🗑
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| Entrepreneurship is a way of thinking that includes: | show 🗑
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| Entrepreneurship is a way of thinking that does not include thinking about solutions to problem. | show 🗑
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| show | True
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| To earn a profit, a business must take in less money than it spends. | show 🗑
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| show | False - The do influence a new business earning profit.
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| Closing a business means the entrepreneur has failed. | show 🗑
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| Successful entrepreneurs often close a failing business, then start a new one. | show 🗑
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| Our economy is a not a capitalist, free enterprise system. | show 🗑
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| show | TRUE! That is what is so TERRIFIC about the USA!
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| Capitalism relies on capital (______) to start new businesses | show 🗑
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| show | Voluntary exchange
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| show | True
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| show | Control over time.
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| show | Opportunity to create wealth.
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| show | Control over working conditions.
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| 8. Opportunities to help one’s community. Being an entrepreneur has disadvantages: | show 🗑
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| show | Loneliness.
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| show | Long hours, hard work.
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| Being an entrepreneur has disadvantages: | show 🗑
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| Owning a successful business rewards an entrepreneur through: | show 🗑
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| Owning a successful business rewards an entrepreneur through: | show 🗑
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| show | Lane Bryant
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| Which entrepreneur was the founder of such magazines as Ebony and Jet. | show 🗑
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| Which entrepreneur created a successful business by selling hair-care and beauty products made for African-American women. | show 🗑
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| Who was the founder of Def Jam Records and the first promoter of rap music and hip-hop culture? | show 🗑
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| show | Julie Aigner-Clark
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eva_rutiri
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