Duplicate of Duplicate of Entrepreneurship Ch. 9 - 11 Vocabulary

Question 1

The system for rules, regulations, and standards that direct and control the ethical actions.

Accepted Answer

corporate governance

Question 2

Funds that businesses obtain to help pay start-up and operating costs.

Accepted Answer

financing

Question 3

Relative growth and decline of profit over the course of a business’s existence.

Accepted Answer

Business Life Cycle

Question 4

Document includes rules for organization’s business practices based on its values & standards

Accepted Answer

code of ethics

Question 5

Voluntary choice of major stakeholders to behave ethically making socially responsible choices

Accepted Answer

Corporate Responsibility

Question 6

Costs involved in paying for equipment, supplies, and other expenses for start up business

Accepted Answer

Total cost of ownership

Question 7

Develop variants of existing products or to gain new customers or enhance market

Accepted Answer

Product diversification

Question 8

The practice of making fair choices guided by integrity, honesty, and reasonable judgment.

Accepted Answer

ethics

Question 9

Developing new product or service offerings that complement existing offerings.

Accepted Answer

product development

Question 10

Plan for replacing company founders in the event of death or inability to continue the business

Accepted Answer

Succession

Question 11

Shares of ownership that entrepreneurs sell in their companies exchange for funding or advice

Accepted Answer

equity

Question 12

Going into a business or starting a not-for-profit whose goal is to help people & social causes

Accepted Answer

social entrepreneurship

Question 13

Reaching new markets by developing a new customer base in a different location & group.

Accepted Answer

market development

Question 14

Reaching existing markets more deeply by convincing customers to buy more

Accepted Answer

Market penetration

Question 15

A company’s plan for going out of business

Accepted Answer

Exit Strategy

Question 16

Funds invested in new business by limited partnership businesses who give advice & $ for profit

Accepted Answer

venture capital

Question 17

Charitable actions that benefit important causes such as poverty or helping environment.

Accepted Answer

philanthropy

Question 18

A partner in a limited partnership firm that invests in new companies.

Accepted Answer

venture capitalist

Question 19

Money borrowed from the bank that must be paid back, along with fees and interest.

Accepted Answer

debt

Question 20

Individual who invests in a business providing $ for start-up in exchange for higher return

Accepted Answer

angel investor

Questions 20