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