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Entrepreneurship
Entrepreneurship
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Chapter 21 from School to Career. Entrepreneurship, a business of your own
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which financial record keeper analyzes financial data?
Bookkeeper
Accountant
2
What do people get to show that they have been granted permission to practice an occupation?
permit
license
certificate
diploma
3
The percentage of receipts that show profit is called...
assets
profit ratio
liability
undercapitalization
4
Items of value owned by a person or business are called
Income
Liabilities
Assets
Capital
5
What dictates where certain kinds of business can and cannot operate in specific areas?
license
certificates
franchise
zoning laws
6
What do you call the costs of operation that go beyond materials and labor?
Human resources
Liabilities
Capital
Overhead expenses
7
What business structure allows an individual to be the only owner of his / her own company?
Corporation
Partnership
Sole Proprietorship
8
Which financial record keeper tracks income and expenses for a business?
Accountant
Bookkeeper
9
Which business venture provides the right to sell another company's product or service.
Sole proprietorship
Partnership
Franchise
Corporation
10
The debts owed by an individual or business are called...
Expenses
Assets
Liabilities
Undercapitalization