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Business Semester Review Flashcards | StudBud
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Business Semester Review
Business Semester Review
21 terms
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StudBud Administration
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120 plays
A General Business review of Spring vocabulary words.
Flashcards
21 cards
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Questions
21
Answers
1
The cost of producing or acquiring a company's products for sale during a given period.
cash flow projection
cost of goods sold
equity capital
operating expenses
2
A group of individuals chosen to make the major decisions of the company.
stockholders
CEO
board of directors
3
Person who recognizes a business opportunity and assumes the risk of doing business.
sole proprietor
self-motivator
partner
entrepreneur
4
Being responsible for losses of a business only to the extent of your financial involvement.
limited liability
unlimited liability
net worth
debt capital
5
Risk that is carefully planned in advance so that the probability of success is high.
nonrisk
calculated risk
planned risk
projected risk
6
Responsibility for debts beyond the business's assets.
limited liability
finances
liquid finances
unlimited liability
7
Legal permit for doing business.
license
charter
certificate
8
Independently owned business that serves a limited geographic area.
registered trademark
limited liability
franchise
small business
9
New owners that pay a price for a share of ownership in a business.
corporate charters
stockholders
partners
10
Working without prompting from someone else to achieve one's goals.
self-centered
self-motivated
self-disciplined
self-aware
11
The money that new business owners must spend in order to establish their business.
corporate bonds
net worth
start-up costs
cost of goods sold
12
Business or firm owned by one person.
corporate
partnership
sole proprietorship
stockholders
13
Written description of a new business venture that describes all aspects of the business.
franchise plan
chocolate chip brownies
demographics
business plan
14
Business organization with two or more owners.
partnership
corporation
sole proprietorship
15
People who set their own goals rather than having them set by a manager or boss
self motivated
Self-centered
selfish
self disciplined
16
Money you need to get your business going.
start-up costs
cost of goods sold
financing
start-up plan
17
Shares of ownership in a corporation.
stocks
securities
financial ledgers
bonds
18
Statistics about the characteristics of human populations.
license
corporate charter
self-discipline
demographics
19
Grant or right to sell a parent company's product or service within a given area.
stock
corporate charter
unlimited liability
franchise
20
Organization owned by many people and treated by law as if it were a single entity.
sole proprietorship
partnership
entrepreneur
corporation
21
A license to operate a business within a particular state
certificate
corporate charter
license
permissable business form
