Q7. Entrepreneurship: Vocabulary
Key Vocabulary
- Business: A business is an organization that sells goods or services to earn money.
- Employee: An employee is a person who works for a business or organization and gets paid to do a job.
Entrepreneur: An entrepreneur is someone who starts a business, solves problems, and earns money by selling a product or service.
Entrepreneurship: Entrepreneurship is starting a business by turning an idea into a plan and working to make it succeed.
Innovation: Innovation is creating a new idea or a better way of doing something.
Profitable: Profitable is when a business makes more money than it spends.
Product: A product is something you can buy or hold, like clothes, food, or toys.
Risk: Risk in entrepreneurship means taking a chance that your business idea might not work out, but trying anyway to reach success.
Service: A service is a job or task done in exchange for money such as cutting hair, walking dogs, or repairing appliances.
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Competencies & Standards
MITECS Michigan Integrated Technology Competencies for Students, and
1. Empowered Learner
a. Connect their learning needs, strengths and interests to their goals and use technology to help achieve them and reflect on their progress.
d. Understand the fundamental concepts of technology operations, demonstrate the ability to choose, use, and troubleshoot current technologies, and transfer their knowledge to explore emerging technologies.
2. Digital Citizen
a. Manage their digital identity and understand the lasting impact of their online behaviors on themselves and others and make safe, legal and ethical decisions in the digital world.
b. Demonstrate empathetic, inclusive interactions online and use technology to responsibly contribute to their communities.
3. Knowledge Constructor
a. Use effective research strategies to find resources that support their learning needs, personal interests and creative pursuits.
c. Curate information from digital resources using a variety of tools and methods to create collections or artifacts that demonstrate meaningful connections or conclusions
d. Build knowledge by actively exploring real-world issues and problems, developing ideas and theories and pursuing answers and solutions
6. Creative Communicator
a. Choose the appropriate platforms and tools for meeting the desired objectives of their creation or communication
c. Use digital tools to visually communicate complex ideas to others.
d. Publish or present content that customizes the message and medium for their intended audiences.