Entrepreneurial Culture Flashcards
What is an occupation?
An occupation is a professional activity undertaken by an individual in return of a payment.
What is an employer?
An employer is someone who hires the services of people to assist him/ her in his/her enterprise in return of a payment.
What is an employee?
An employee is someone who offers his/her services in return of a payment.
What is a salary?
Salary is paid to employees at the end of each month
What is a wage?
Wage is paid to employees on an hourly or weekly basis.
What is self employment?
Self-employment is taking up an occupation where the individual works for himself/herself, rather than working for an employer
What is entrepreneurial culture?
Entrepreneurial culture is
encouraging individuals to set up
their own enterprise rather than seeking a job.
What is a start-up enterprise?
Start-up enterprises are entrepreneurial ventures that aim to offer an innovative product, process or service.
