Chapter 6 Vocabulary Quiz review

A government agency that helps small business owners develope business plans and obtain financing and other support for their companies.

• Small Business Administration

• venture capital

• start-up financing

Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.

• short-term financing

• start-up financing

• venture capital

The money needed to pay for the current operating activities of a business.

• short-term financing

• start-up financing

• small business

The amount of money needed to open the business.

• improvement

• innovation

• start-up financing

An invention or creation that is brand new.

• improvement

• innovation

• business plan

Someone who takes a risk in starting a business to earn a profit.

• small business

• entrepreneurship

• entrepreneur

A written description of the business idea and how it will be carried out, including all major business activities.

• small business

• business plan

• venture capital

Money needed for the important resources of a business (such as land, buildings, and equipment) that will last for many years.

• long-term financing

• start-up financing

• small business

An independent business with fewer than 500 employees.

• venture capital

• SBA

• small business

A designed change that increases the usefulness of a product, service, or process.

• entreprenuership

• innovation

• improvement