1.5

Question 1

Entrepeneur

Answer 1

Question 2

intrapreneurs

Answer 2

Employees who use entrepreneurial skills, without having to risk their own money, to find and develop initiatives that will have financial benefits for their employer

Question 3

reduce risk and prepare for uncertainty

Answer 3

Question 4

aim

Answer 4

What a business tries to achieve in the long term

Question 5

objectivities

Answer 5

Question 6

characteristics

Answer 6

Question 7

skills

Answer 7

Question 8

financial and non-financial motives

Answer 8

Question 9

profit maximisation

Answer 9

An attempt to make as much money as possible in a given time period

Question 10

forms of business

Answer 10

Question 11

limited liability

Answer 11

A legal status which means that a business owner is only liable for the original amount of money invested in the business

Question 12

franchising

Answer 12

Question 13

private and public limited adv and dis

Answer 13

Question 14

other form of businesses

Answer 14

Question 15

stock market flotation

Answer 15

Question 16

share prices rising and falling

Answer 16

Question 17

oppurtunity cost

Answer 17

Question 18

trade offs

Answer 18

Question 19

options

Answer 19

Question 20

difficulties in becoming ent to leader

Answer 20