Ch 17: PLACE Business Education: Entrepreneurship

About This Chapter

Use the video lessons and multiple-choice quizzes in this chapter to prepare for entrepreneurship questions on your PLACE Business Education exam. Small business management and entrepreneurship's impact on the economy are just some of the topics of instruction.

PLACE Business Education: Entrepreneurship - Chapter Summary

Explore the economic impact of entrepreneurship and learn what it takes to successfully run a small business with this PLACE Business Education chapter. We'll get you ready for entrepreneurship test questions with video lessons and quizzes on the following topics:

  • Characteristics of an entrepreneur
  • Small businesses and the economy
  • Small business management
  • Small businesses in the global market
  • Entrepreneurship and the economy

Lessons in this entrepreneurship chapter are aligned with PLACE Business Education test objectives, so you'll spend your study time reviewing topics that could be covered on the actual exam. Watch the entertaining videos and take the multiple-choice quizzes to see how many of these topics you've mastered.

PLACE Business Education: Entrepreneurship Chapter Objectives

This PLACE exam is used to test aspiring business education teachers' knowledge of everything from business management and personal finance to information systems, accounting and business law. Examinees must pass this test to meet licensing requirements in Colorado.

This chapter is designed to get you ready for exam questions assessing your understanding of the characteristics of entrepreneurship as well as small businesses' role in the national and international economy. These questions may found within the business management and communication section of the test.

5 Lessons in Chapter 17: PLACE Business Education: Entrepreneurship
Test your knowledge with a 30-question chapter practice test
What is an Entrepreneur? - Definition, Characteristics & Examples

1. What is an Entrepreneur? - Definition, Characteristics & Examples

Entrepreneurship is an important engine of growth in the economy. In this lesson, you'll learn about what an entrepreneur is and the key characteristics and skills that a successful entrepreneur possesses. Some examples of entrepreneurs will also be given.

Small Business in the American Economy

2. Small Business in the American Economy

Nearly every business starts 'small.' In this lesson, you'll learn how a small business is defined, some characteristics of a small business, and the importance of them in the economy. You'll also learn why some small businesses fail.

Managing a Small Business

3. Managing a Small Business

Small businesses are an important engine of growth in an economy. In this lesson, you'll learn about some key areas of small business ownership that an owner should master to be successful. A short quiz follows.

Small Business in a Global Market

4. Small Business in a Global Market

As the world moves closer to a global economy, more small businesses will look to expand into international markets. In this lesson, you'll learn about some of the advantages and disadvantages that small businesses face in a global market.

Entrepreneurship & the Economy: Definition & Importance

5. Entrepreneurship & the Economy: Definition & Importance

Entrepreneurs fill a vitally important role in market economies. In this lesson, you'll learn about the importance of entrepreneurship, different types of entrepreneurs and how they add value to an economy.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Other Chapters

Other chapters within the PLACE Business Education: Practice & Study Guide course

Support