What is Bootstrapping?

A business owner that uses their own money to fund their business.

What are Fixed Costs?

Costs that remain the same no matter the volume of production.

What is the Small Business Administration?

Agency which provides small businesses with help to get started

A tangible item a business owns.

Who is an Angel Investor?

An investor who funds a business for a stake in the business in return.

A calculation used to measure a business's monthly cash flow.

What is a Return on Investment (ROI)?

how much money an investment returns relative to its cost.

What are Operating Costs?

The expenses incurred for running day-to-day tasks in a business.

What are Variable Costs?

Fluctuating costs that a business has depending on production

What is Crowdfunding?

The method of sharing a start-up business online to pre-sell products.

What is the Break-even Point?

Point where a business's revenue matches its expenses over a given period

What is an Income Statement?

A financial statement of a business's revenue/expenses for a given period.

What is a Balance Sheet?

A document that compares assets to liabilities plus owner's equity.

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Domain 4 Entrep vocab

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Questions 17

Answers

1
What is Bootstrapping?
A monetary amount given to employees in return for their work
Cost incurred by a business
A business owner that uses their own money to fund their business.
A document that compares assets to liabilities plus owner's equity.
2
An employee making a burger is an Asset?
False
True
3
What are Fixed Costs?
The method of sharing a start-up business online to pre-sell products.
Costs that remain the same no matter the volume of production.
A calculation used to measure a business's monthly cash flow.
Point where a business's revenue matches its expenses over a given period
4
The Wendys Frosty is an Asset?
True
False
5
What is the Small Business Administration?
A corporation, partnership, or sole proprietorship that is privately owned
A type of business structure with a special tax advantage
A corporation, partnership, or sole proprietorship that is privately owned
Agency which provides small businesses with help to get started
6
Who is an Asset?
A type of compensation provided for the amount of work produced.
The level of familiarity one has with a brand.
A local agency with information on participating local businesses.
A tangible item a business owns.
7
Who is an Angel Investor?
An individual/business that purchases goods and services from a business.
The individuals that own the business.
An investor who funds a business for a stake in the business in return.
A local agency with information on participating local businesses.
8
What is Burn Rate?
A calculation used to measure a business's monthly cash flow.
Point where a business's revenue matches its expenses over a given period
A monetary amount given to employees in return for their work
The amount of money a business plans on spending during a given period.
9
What is a Return on Investment (ROI)?
how much money an investment returns relative to its cost.
Costs that remain the same no matter the volume of production.
The expenses incurred for running day-to-day tasks in a business.
A financial statement of a business's revenue/expenses for a given period.
10
What are Operating Costs?
Costs that remain the same no matter the volume of production.
Point where a business's revenue matches its expenses over a given period
A financial statement of a business's revenue/expenses for a given period.
The expenses incurred for running day-to-day tasks in a business.
11
What are Variable Costs?
The expenses incurred for running day-to-day tasks in a business.
A financial statement of a business's revenue/expenses for a given period.
Costs that remain the same no matter the volume of production.
Fluctuating costs that a business has depending on production
12
What is Crowdfunding?
A monetary amount given to employees in return for their work
A calculation used to measure a business's monthly cash flow.
Point where a business's revenue matches its expenses over a given period
The method of sharing a start-up business online to pre-sell products.
13
Making a Wendys Frosty is an Asset?
False
True
14
What is the Break-even Point?
Entrepreneurs analyzes and evaluates to see if starting a sustainable
A monetary amount given to employees in return for their work
Point where a business's revenue matches its expenses over a given period
A business owner that uses their own money to fund their business.
15
What is an Income Statement?
The method of sharing a start-up business online to pre-sell products.
A financial statement of a business's revenue/expenses for a given period.
Point where a business's revenue matches its expenses over a given period
Costs that remain the same no matter the volume of production.
16
A Whirlpool washing machine is an Asset?
True
False
17
What is a Balance Sheet?
A document that compares assets to liabilities plus owner's equity.
A written plan that outlines a company's marketing strategies.
A signed agreement stating that an entity will not disclose information
A document that addresses concepts, customers, & capital for a business

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