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Entrepreneur Vocabulary

Quiz by Laura Busch

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15 questions
Show answers
  • Q1
    a person who organizes and operates a new business or businesses, taking on greater than normal financial risks in order to do so.
  • Q2
    A document outlining a business's future objectives and strategies for achieving them
    business plan
  • Q3
    The money that is required to start a new business, whether for office space, permits, licenses, inventory, product development and manufacturing, marketing or any other expenses
    startup capital
  • Q4
    A statement that defines what an organization is, why it exists, its goals and philosophies
    mission statement
  • Q5
    The amount of money that a produced good or provided service costs
    cost per unit
  • Q6
    All fixed costs associated with operating an establishment, not directly related to production or selling of goods
    overhead costs
  • Q7
    A person that puts money into a startup or small business with the intent of receiving a portion of the profit from the business
  • Q8
    A presentation by one or more people to an investor or group of investors, with the hope that the investor will provide financing to the company
  • Q9
    When a business manufactures an item for the purpose of selling and earning a profit
  • Q10
    When a business sells a helpful action or form of assistance for the purpose of earning a profit
  • Q11
    Seeking to generate voluntary financial donations, without the intent of repaying the money or returning any profit to the donator(s)
  • Q12
    A large amount of money lent (usually from a bank, and must be repaid) to an entrepreneur in order to launch a new business venture
    small business loan
  • Q13
    A type of business with low-risk, a small number of employees, is locally owned and has no intentions of growing larger or incorporating into a company
    small business
  • Q14
    A type of business that starts small but intends to grow much larger and more successful by generating a large popularity and profitable income
  • Q15
    Coverage that protects businesses from losses due to events that may occur during the normal course of business
    business insurance

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