hat are the critical elements that the process of an entrepreneurship comprises?
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 1CS
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Entrepreneurship group assignment for accounting and management students
Write the correct answer for the following questions
What are the critical elements that the process of an entrepreneurship comprises? (2%).
List the components of external environment and describe their relationship with the business firm. (3%).
Describe each the following innovation process.(2%).
Analytical planning
Resource organization
Implementation
Commercial application
What is the difference between idea and opportunity? (2%).
What are methods used for generating business ideas? (2%).
Describe each of the three basic forms of business ownership. (3%).
a. proprietorship
b. partnership
c. corporation
7. Define the following terms.(2 points)
a) Entrepreneurship
b) Entrapreneurship
8. What is the difference between individual entrepreneur and organizational entrepreneur? (2 points)
9. List out at least four importance of small businesses. (2 points)
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