Entre Spring 2026 Unit 1 Vocabulary

2. The process of starting, organizing, managing, and assuming the risks of a business or enterprise.
5. The belief that abilities and intelligence can be developed through effort, learning, and persistence.
7. The ability to continue working toward goals despite challenges or setbacks.
9. The value of the next best alternative that is given up when a decision is made.
11. A person who identifies a business opportunity and organizes, manages, and assumes the risk of starting a business to earn a profit.
13. The inability of a business to meet its goals or continue operations, often used by entrepreneurs as a learning experience.
14. The introduction of a new idea, method, or product, or the improvement of existing ones, to create value.

1. The ability to make decisions and take responsibility for one’s own actions and outcomes.
3. Moral principles that guide behavior and decision-making in business.
4. An employee within an organization who applies entrepreneurial skills and innovation to develop new ideas, products, or processes for the company.
6. The benefits gained from entrepreneurship, which may include profit, independence, personal satisfaction, or recognition.
8. The money remaining after all business expenses have been subtracted from revenue.
10. The ability to generate original ideas or new ways of solving problems.
12. The possibility of loss or failure that an entrepreneur accepts when starting or operating a business.