Characteristics of Entrepreneurs 1.1 0.0 / 5 ? Business StudiesCharacteristics of Entrepreneurs 1.1ASEdexcel Created by: BCreated on: 23-04-14 16:26 Someone who takes rthe risk and responsiblity for a business entrepreneurs 1 of 13 Reluctant to take any chances risk adverse 2 of 13 The people who organise and control the business, typically have power and responsibility manager 3 of 13 Revenue minus costs profit 4 of 13 Running a business to make the most profit profit maximisation 5 of 13 People who target satisfactory production rather than profit maximisation satisfiers 6 of 13 Means that are handed down for implementation and subordinates are not expected to question it autocratic 7 of 13 Where the leader is firmly in control but takes worker welfare into account paternalistic 8 of 13 To assign or delegate freedom, decision taking and responsiblilty empower 9 of 13 Subordinates are allowed as much independence as possible laissez faire 10 of 13 The expenditure incurred to operate any business costs 11 of 13 Things that are useful or valuable assets 12 of 13 Leaders consult widely and share decision taking democratic 13 of 13
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