Entrepreneurship and Small Business Flashcard

Front

What are costs incurred by a business for property or equipment?

Back

Acquisition

Front

What is an angel investor?

Back

An investor who is willing to wait for payback until a business starts showing a profit.

Front

What is an asset?

Back

A tangible item a business owns.

Front

What is a balance sheet?

Back

A document which compares assets to liabilities plus owner's equity.

Front

What are benefits in a business context?

Back

Items provided to employees in addition to standard compensation.

Front

What is brand recognition?

Back

The level of familiarity one has with a brand of item, service, or business.

Front

What is the break-even point?

Back

The point in which a business' revenue matches with expenses over a given time period.

Front

What is a budget?

Back

The amount of money a business plans on spending during a given time period.

Front

What is a business milestone?

Back

A point in a business' life where a manager or other administrative employee designates an achieved goal or standard in time.

Front

What is a business opportunity?

Back

A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.