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Business
30 terms
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182 plays
intro to business
Flashcards
30 cards
F
Practice quiz
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Host live
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Questions
30
Answers
1
Who made the concept of "Supply and Demand"
Mark Cuban
Allfred Marshall
The Rockafellers
2
What would be considered a "Small Business"
Must have annual business receipts of 1,000$
Not very popular
Have a small building
A business with less than 500 employees
3
Whats a "corporation "
A LLC
A person who runs the business
A company that acts as a single entity legally
4
Define "business"
A store
A person regular occupation or trade
5
Whats a "Deadline"
The point and time when something must be completed
A type of business
A meeting
When a employee is suppose to be payed
6
Whats another term of " Pricing "
Price Point
Drill Down
Touch Base
There is no other term
7
Whats a " CEO "
A structure of business
No such thing
Someone who runs the floor
The owner of the business or president
8
Whats the average revenue for a small business
40,000$
44,000$
50,000$
30,000$
9
What is a type of business
Corporation
Partnership
Trust
LLC
10
What does the term "start up" mean
When your computer starts
A brand
A start of a new business
11
What is a category of business
Profit
Industry
Contract
12
Whats the "Basic Sales Call"
Taking phone calls
Directing your products to the people make your meaning clea
No such thing
13
Whats a "buy in"
None of the above
Buying into something
Gaining acceptance of something
A term in Poker
14
What is it called when you take a break from your job on (a) holidays
Regular Leave
Annual Leave
Holiday Pay
Pay Day
15
In the US how long does it to start a business
10 days
7 days
2 days
5 days
16
What is a " LLC "
A private limited company
A specail contract
None of the above
A type of business agreement
17
What is a opportunity cost of forgone alternatives
Investment
Employment
Cost of terms
Opportunity Cost
18
Which one of these is a partnership
Two business coming into a meeting
A contract between two people who agree to operate a busines
A combination of two business into a firm
19
Whats the difference between Business to Business and Business to Consumer
Both wrong
One sells to other business's
One sells to customers
20
What is the law of supply and demand
The law determine prices and communicate to business's
There is no such thing
Its the best way to locate the supplies
21
What is an asset
Anything of value that is owned
The making of something
Your networth
Your profit
22
Whats a "net worth"
How much you are worth
How much your business is worth
A net
23
Whats " Debt "
A person who handles money
A private bank
You owe money to a person or business
None of the above
24
What is "finance"
A category of business
Money
The management of money and other assets
25
What would you call someone who has skill in a certain field
Setting
Skill Set
Best Practice
Annual Leave
26
What are " Quick Wins "
Fast wins
Easy wins
The easiest thing to achieve
27
What is downsizing
None of the above
Moving to another location
A reduction in employment and business size
Adding more employees
28
Whats "Overhead"
Profit
Advertisement
Stocks
The amount of money it takes to run the business
29
Whats a "Cold Call"
Someone from the certain business calling a client unexpecte
A phone call
A cold phone
When someone calls in sick
30
Whats another term for " Quick Recover"
Fast Recover
Money Recover
High View
Helicopter View
