Entrepreneurship Final Review

Financial statements based on projections

Special meetings at which companies display their products

Property that the borrower forfeits if he or she defaults on the loan

Business owned by one person

People who own, operate, and take the risk of a business venture

Financial statement based on projected revenues and expenses

A written document that describes all the steps necessary to open and operate a business

Individuals or companies interested in a particular P/S and willing and able to pay for it

To look for people to hire

The process of running a business of one's own

The lowering of the value of an asset to reflect its current value

A letter that explains or provides more information about a document or set of documents

Items of value owned by a business

Expenses incurred by a business every month

Students who will work for little or no pay in order to gain experience in a field

Business with the legal rights of a person that may be owned by many people

A system of collecting, recording, and analyzing information about customers, competitors 

Written statement listing job duties and responsibilities

The act of knowingly taking items from a business without paying

Free promotion generated by media coverage

Briefly describes why you are asking for a loan and what you plan to do with the money

People who provide services to businesses on an hourly basis or by the job

Written statement meant to inform the media of an event or product

The ability to learn a particular kind of job

Plan that shows how the various jobs in a company relate to one another

Organizations that promote certain types of businesses

Percentage of a market owned by a business

Payments for labor or services done on an annual basis

Blending of product, price, place, and promotion

One time only expenses that are paid to establish a business

Group of people who meet several times a year to make important decisions affecting the company

A business owned by two or more people

Person who sells businesses

Evaluation of your strengths and weaknesses

Individuals and companies that make a living investing in start up companies

Regular payments made by the franchisee to the franchisor

Amount owed to others

A unit of ownership in a corporation

Distributions of profits to shareholders by corporations