Rutiri-Entrep. Chap1 Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Question | Answer |
Businesses buy and sell _______ and ___________ to make a profit to make a profit. | goods and services |
People who work for someone else’s business to earn wages are _________. | employees |
People who start their own businesses and work for themselves are not entrepreneurs | False - They are entrepreneurs! |
Profit is the money a company has left after expenses and taxes are paid. | True |
Successful businesses sell products and services exercise these practices: | 1. That customers need. 2. At prices customers are willing to pay. 3.To earn a profit. |
Entrepreneurship is a way of thinking that includes: | Listening to new ideas |
Entrepreneurship is a way of thinking that includes: | Observing opportunities and needs. |
Entrepreneurship is a way of thinking that does not include thinking about solutions to problem. | False - Entrepreneurs think about how to solve problems, always! |
Recognizing that business principles are basically the same for large and small businesses | True |
To earn a profit, a business must take in less money than it spends. | False - It must take in MORE money than it spends! |
Start-up costs do not influence a new business from earning a profit. | False - The do influence a new business earning profit. |
Closing a business means the entrepreneur has failed. | False - It means an entrepreneur has learned from the failure. |
Successful entrepreneurs often close a failing business, then start a new one. | True |
Our economy is a not a capitalist, free enterprise system. | FALSE! It is a capitalist, free enterprise system. |
Free enterprise means that anyone can start a business. | TRUE! That is what is so TERRIFIC about the USA! |
Capitalism relies on capital (______) to start new businesses | MONEY |
____________ ____________ is the freedom to trade money for a product or service: | Voluntary exchange |
A voluntary exchange only happens when both parties feel they will benefit. | True |
Being an entrepreneur in a free enterprise system has advantages: | Control over time. |
Being an entrepreneur in a free enterprise system has advantages: | Opportunity to create wealth. |
Being an entrepreneur in a free enterprise system has advantages: | Control over working conditions. |
8. Opportunities to help one’s community. Being an entrepreneur has disadvantages: | Risk of failure. |
Being an entrepreneur has disadvantages: | Loneliness. |
Being an entrepreneur has disadvantages: | Long hours, hard work. |
Being an entrepreneur has disadvantages: | Financial insecurity. |
Owning a successful business rewards an entrepreneur through: | Earning profits. |
Owning a successful business rewards an entrepreneur through: | Increasing the value of the business, which might eventually be sold for a profit. |
Which entrepreneur created the first maternity fashions in the early 1900's? | Lane Bryant |
Which entrepreneur was the founder of such magazines as Ebony and Jet. | John Johnson |
Which entrepreneur created a successful business by selling hair-care and beauty products made for African-American women. | Sarah Breedlove Walker |
Who was the founder of Def Jam Records and the first promoter of rap music and hip-hop culture? | Russell Simmons |
Which entrepreneur recognized a need for children in that they develop critical intellectual ability before the age of 3. | Julie Aigner-Clark |
Created by:
eva_rutiri
Popular Business sets