agreement between 2 or more parties with terms and obligations

What does Takeoff mean in the Business Life Cycle?

The company is doing well financially

What is a Commission?

Fee paid in addition to work (Not regulary salary)

measures a business monthly cash flow

A form of protection for intellectual property

What does Success mean in the Business Life Cycle?

The business meets expenses and it making a profit

What are Acquisition Costs?

Cost incurred to buy a businesses

Define Break-Even Point

Business Revenue matches expenses

working with others towards a common goal

What is a Business Plan?

A document that shows how a business idea will be implemented.

money spent during a given period

What is Bootstrapping?

Business Owner funds their own business

What is a C Corporation?

passes its income, losses, deductions, and credits through its shareholders

Define Business Opportunity

Entrepreneur analyzes and evaluates to see if it is profitable.

What does Ideate mean in the Design Thinking process?

Challenge assumptions/create ideas

What is Critical Thinking?

Using logical thinking to solve problems

What is compensation?

Money earned by employees for work

What does Maturity mean in the Business Life Cycle?

The company is expanding/Owner may consider selling

What is an Angel Investor?

Investors in a business for equity

What is a Confidentiality Agreement?

signed agreement between parties to not disclose information

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Principles of Entrepreneurship Vocabulary

35 termsStudBud Administration2,170 plays

Fundamental vocabulary for Principles of Entrepreneurship.

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Questions 35

Answers

1
What does Test mean in the Design Thinking Process?
Try out solutions
Ponder the problem
Survey your target audience
Investigate the issues
2
What does B2C stand for?
Business 2 Customer
Business 2 Charter
Business 2 Consumer
Business To Credit
3
What is an Asset?
viable expense a business has
Net Profit
tangible item a business owns
Net Loss
4
What does Empathize mean in the Design Thinking Process?
Think logically
Troubleshoot
Research users needs
Detached
5
The method of sharing a start-up business online to post-sell products is called Crowd Funding.
False
True
6
What is Brand Recognition?
Familiar with business management
Awarness of business expenses
Familiar with one's sales
Familiar with one's brand
7
What is a contract?
an statement protecting employees and employers
agreement between 2 or more parties with terms and obligations
a letter of intent
agreement stating an employment cannot be terminated
8
What does Takeoff mean in the Business Life Cycle?
The company is underperforming
The company must borrow money
The company is doing well financially
The company is falling short financially
9
What is a Commission?
Fee paid in addition to work (Not regulary salary)
Salary
Getting paid in advance
10
What is Burnrate?
measures a business monthly cash flow
measures a business annual cash flow
analyzes a company's quarterly expenses
11
What is a Copyright?
A form of open source
Public Domain
Unregistered content that can be used by all
A form of protection for intellectual property
12
What does Success mean in the Business Life Cycle?
The business is just getting by
The business meets expenses and it making a profit
The business is changing management
The business is downsizing
13
What does B2B stand for?
A business-to-business
Business to bank
business to brokerage
14
What does Survival mean in the Business Life Cycle?
Just starting out
Can just meet their expenses
Takeoff
Success
15
What are Acquisition Costs?
Depreciation
Appreciation
Cost incurred to buy a businesses
Operating Costs
16
CEO stands for what?
Chief Executive Officer
Chief Engineering Officer
Chief Educator Officer
17
Define Break-Even Point
Business Revenue matches expenses
Business sales match gross revenue
Business Expenses exceed Sales
18
Define Collaboration
working individually to achieve a goal
company mission statement
working with others towards a common goal
19
What is a Business Plan?
A document that talks solely about business structure.
A document that shows how a business idea will be implemented.
A document that shows income statements.
20
Define Budget
money and expenses are equal
money spent during a given period
money gained during a given period
21
What is Bootstrapping?
Investors returns
Business Owner funds their own business
Investors fund a business
Business Owner pays themselves
22
What is a C Corporation?
passes its losses only through its shareholders
passes its income, losses, deductions, and credits through its shareholders
passes its income and deductions through its investors
23
What is a COO?
Chief Operating Officer
Chief Of Operations
Chief Overseer Officer
24
Define Business Opportunity
Entrepreneur analyzes and evaluates to see if it is profitable.
An opportunity to write off a business
Entrepreneur analyzes & evaluates to see if it can replace his current job.
25
What does Define mean in the Design Thinking Process?
Test
Prototype
State users needs and problems
Define users needs and problems
26
What does Ideate mean in the Design Thinking process?
Ideate
Challenge assumptions/create ideas
Prototype
Sympathize
27
CFO stands for?
Chief Field Officer
Chief Financial Officer
CEO For Office
28
What is Critical Thinking?
Using logical thinking to solve problems
Using strictly instincts to solve a problem
Neutral mindset
29
What is a Balance Sheet?
Compares Assets To Liabilities
Compares Taxes and Profit
Compares Productivity and Loss
Compares Sales and Expenses
30
What is compensation?
Money earned by employees for work
An incentive
A commission for extra work
A reimbursement for work
31
What does Maturity mean in the Business Life Cycle?
Success
The company is stalled
The company is expanding/Owner may consider selling
The company is changing its product or services
32
What is an Angel Investor?
Grant Writer
Capital Firm
For Profit Enterprise
Investors in a business for equity
33
What is a Confidentiality Agreement?
an agreement that indemifies themselves from wrongdoing
signed agreement allowing parties break it at anytime
signed agreement between parties to not disclose information
exclusive agreement
34
What does Existence mean in the Business Life Cycle?
Maturity
Business is just starting out
Takeoff
Business can barely pay expenses
35
What does Prototype mean in the Design Thinking Process?
Test
Collaborate about the problem
Analyze the issues
Start To Create Solutions

Principles of Entrepreneurship Vocabulary Flashcards | StudBud