Entrepreneur Vocabulary
Quiz by Laura Busch
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15 questions
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- Q1a person who organizes and operates a new business or businesses, taking on greater than normal financial risks in order to do so.Entrepreneur30s
- Q2A document outlining a business's future objectives and strategies for achieving thembusiness plan30s
- Q3The money that is required to start a new business, whether for office space, permits, licenses, inventory, product development and manufacturing, marketing or any other expensesstartup capital30s
- Q4A statement that defines what an organization is, why it exists, its goals and philosophiesmission statement30s
- Q5The amount of money that a produced good or provided service costscost per unit30s
- Q6All fixed costs associated with operating an establishment, not directly related to production or selling of goodsoverhead costs30s
- Q7A person that puts money into a startup or small business with the intent of receiving a portion of the profit from the businessinvestor30s
- Q8A presentation by one or more people to an investor or group of investors, with the hope that the investor will provide financing to the companypitch30s
- Q9When a business manufactures an item for the purpose of selling and earning a profitproduct30s
- Q10When a business sells a helpful action or form of assistance for the purpose of earning a profitservice30s
- Q11Seeking to generate voluntary financial donations, without the intent of repaying the money or returning any profit to the donator(s)fundraising30s
- Q12A large amount of money lent (usually from a bank, and must be repaid) to an entrepreneur in order to launch a new business venturesmall business loan30s
- Q13A 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 companysmall business30s
- Q14A type of business that starts small but intends to grow much larger and more successful by generating a large popularity and profitable incomestartup30s
- Q15Coverage that protects businesses from losses due to events that may occur during the normal course of businessbusiness insurance30s