business final

A person who is not necessarily the owner of the business but has a stake on how the business is performing is called __________.

• stakeholder

• stockholder

• partners

• manager

What is the first step in creating a business? 

• Write a business plan
• Choose location
• Get a tax ID number
• Obtain a permit 

Startup costs are also known as: 

• Loan
• Investment costs
• Seed money
• Interest 

_______ debt must be paid within a year. 

• Short term
• Long term

Business owners can obtain a loan from a credit union. 

• true
• false

The amount of money that a business earns in a given period of time. 

• Capital
• Revenue
• Seed Money
• Debt 

Money that is owed. 

• Debt
• Cash Flow
• Seed Money
• Equity 

A debt that you owe to others. 

• Debt
• Asset 
• Liability
• Net Worth 

Which of the following is a service business?

• Verizon
• Phone repair store
• E-bay
• Goodwill

An entrepreneur is someone 

• Someone who works for a new business
• Someone who starts a new business
• Someone who takes over an existing business
• Someone who does not want to work

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C