Entrepreneurship

1. It is the skill that involves seeing oppurtunity, and then starting, organizing, and managing a business which involves financial risk.

2. Who defined Entrepreneurship as "The pursuit of opportunity beyond resources controlled"?

3. A form of business ownership where it has no separate existence from its one owner, and the income and losses are taxed on the individual's personal income tax return.

4. A legal form of business operation between two or more individuals who share management and profits.

5. A form of business operation that declares the business as a separate legal entity guided by a group of officers known as the Board of Directors.

6. If the owner of a Sole Proprietor Business dies, his/her children can continue the business without changing anything?

7. How many years is the life of a Corporation?

8. This is a type of business that offers professional skills, expertise, advise and other similar products with no physical form.

9. Type of business where it transforms a raw material into a new product which can be sold to a higher price.

10. This is a type of business where it buys a product at a wholesale price and then sells it into a retail price.