Match the term with its definition.
-A microbusiness that permits the owner to follow a desired pattern of living

Question

Quizplus · Accepted Answer

A lifestyle business is a microbusiness that permits the owner to follow a desired pattern of living.

Answer: I
 A small business is a business with fewer than 500 employees and typically owned and operated by an individual or a small group of people.

Answer: G
 Intrapreneurship refers to the practice of entrepreneurial behavior within a larger organization, typically by employees who are given the freedom to innovate and create new products or services within their existing job roles.

Answer: H
 A paradigm shift refers to a fundamental change in the way that something is thought about, understood, or approached. It is often used to describe a significant shift in the prevailing attitudes or assumptions of a particular field or community.

Answer: J
 The technician personality refers to an individual who is skilled and passionate about a particular craft or trade, but may lack the necessary entrepreneurial skills to successfully run a business.

The other choices are:
- Bootstrap: Refers to the process of starting a business with little to no external funding or resources
- Entrepreneur: Refers to an individual who starts and manages a new business venture, typically taking on significant financial risk in order to do so
- Entrepreneurial legacy: Refers to the reputation or impact left behind by a successful entrepreneur, including their business ventures and other contributions to society
- Entrepreneurial team: Refers to a group of individuals who work together to launch and manage a new business venture
- Franchisee: Refers to an individual who purchases the rights to operate a business under the branding and guidelines of an established franchise company.

Match the Term with Its Definition