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1. What is Entrepreneurship? laborers for the
amount of fruit
they pick.
2. Which is B2B?
3. Which is B2C?
4. You need to create a legal
structure for your small business.
You would like some of the benefits
enjoyed by large corpora- tions,
but do not want to be taxed twice.
You have four partners who will be
share- holders. None of you plan to
sell your own- ership shares to the
public, but do want to be protected
from business liabilities.
Which legal structure should you set
up for your business?
5. TRUE OR FALSE
Founders own equity and a partner
owns equity
6. TRUE OR FALSE
All stakeholder owns equity and
contrac- tors own equity
7. An example of BLANK
compensation is paying field
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Setting up a business with the aim to make a profit
Purchasing requiring a tax exemption cer- tificate and
wholesale floor distributor.
Chain of local grocery stores and motorcycle repair shop. TRUE
S-Cooperation
FALSE
Piece Work
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8. A BLANK employee
18.
receives a set amount of
pay each month without
19. overtime com- pensation
9. for extra hours worked
An employee who is paid
a percentage of a sale is
10. paid by BLANK
What is the business life
cycle?
11.
Research your users' needs
12.
State your users' needs
13. and problems Challenge
assumptions and create
14.
ideas Create Solutions
15. Try your solutions
Successful entrepreneurs
16. have mindsets that
typically possess which
three charac- teristics?
Which is one of the greatest
17. benefits of being an
entrepreneur?
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W pportunity? Salary
hi
c The owner of a landscaping
h business has noticed that none of
th his competitors are including ponds Commission
re or other water features in the
e gardens they create. The landscap-
c Existence, Survival of the Fittest,
h Success, Take-ott, and Maturity
ar
Empathize
a
ct Define
er
is Ideate
ti
cs Prototype
h
Test
el
p Responsible, Adaptable, and Tenacious
id
e
nt
if Schedule control
y
a
b Service, Price, and Quality
u
si
Ask the customers in the area if they
n
are interested in adding a water feature
e
to their gardens.
ss
o