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Entrepreneurship

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
A legal document allowing a corporation to operate as if it were a person   Charter  
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A formal, published collection of values and rules used to guide the behavior of an organization toward its various stakeholders   Code of ethics  
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A business owned and operated by its user members for the purpose of supplying itself with products   Cooperative  
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A business owned by people who purchase stock in the company   Corporation  
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Someone who takes the risk to start a new business   Entrepreneur  
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The process of planning, creating and managing a new business   Entrepreneurship  
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The code of moral conduct that sets standards for what is valued as right or wrong behavior for a person or group   Ethics  
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Employee who is given funds and freedom to create a special unit or department within a company in order to develop a new product, process, or service   Intrapreneur  
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Two or more businesses that agree to provide a product sharing the cost of doing business and also the profits   Joint venture  
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A way to limit and control those who plan to enter certain types of businesses   Licensing  
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Special type of corporation that is taxed as if it is a sole proprietorship or partnership   Limited liability company (LLC)  
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A partnership in which a partner's liability is limited to the amount of the partner's investment   Limited liability partnership (LLP)  
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An organization that does not pay taxes and does not exist to make a profit   Non-profit corporation  
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A business owned by two or more persons   Partnership  
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A business owned and managed by one person   Sole proprietorship  
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Regulations that specify which land areas may be used for homes and which areas may be used for different types of businesses   Zoning  
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