Bus110 Practice Flashcard

Front

Imagine you're in a thrilling adventure with Mia, Luna, and William, exploring the world of entrepreneurship! Which of the following is NOT a characteristic of this exciting journey? Assuming risk, Producing a steady income, Managing scarce resources, Focusing on constant innovation

Back

Producing a steady income

Front

What do you call the value of property owned by a company in a business board game?

Back

Assets

Front

Rohan and Mia are running a lemonade stand. What do they call the movement of cash into and out of their business?

Back

Cash flow

Front

What is the term for the money that Abigail and Samuel invest into their lemonade stand?

Back

Capital

Front

What do Rohan and Anika call the total amount of money they made before any tax deductions?

Back

Gross

Front

What do Michael and Daniel call the amount of profit left after paying taxes?

Back

Net

Front

Imagine Lily and Mason are running a lemonade stand. What do they call the amounts of money they receive for their delicious lemonade?

Back

Revenue

Front

In a thrilling business showdown, according to figure 8.1, which type of organization is the sales champion in the United States? Michael, Charlotte, and Zoe are eager to know!

Back

Corporations

Front

Imagine you're Isla, and you've just come up with a brilliant idea for a start-up! Who would you approach to lend you investment funds in exchange for partial ownership of your business?

Back

Venture Capitalist

Front

Which department is responsible for guiding products through their life cycle and gaining insights into consumer behavior through marketing research?

Back

Marketing