Business Vocabulary Test

The funds and assets invested in a business by the owners

• Profit

• EIN

• Capital

• Unit

The sale of products and services over the internet

• e-commerce

• retail store

• boutique

• shop

Employee Identification Number, allows you to identify your business on important government forms and official documents

• IRS

• TAX

• LLC

• EIN

An ownership interest in a business

(a)  

Also known as “net income” or the “bottom line”, your funds shows the difference between what a business earns and spends. Calculate funds earned by subtracting total expenses from total revenue

(a)  

One who organizes, operates and assumes the risk in a business

• President

• CFO

• Entrepreneur

• COO

are a right granted to an inventor that allows them to exclude all others from making, using, or selling their invention for 20 years

• Trademark

• Patents

• EIN

• Corporation

any word, phrase, symbol, design, or a combination of these things that identifies your goods or services

• Patent

• Capital

• EIN

• Trademark