Entrepreneurship and Small Business Quiz

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

• Acquisition

• Benefits

• Cash Flow

• Collateral

What is an angel investor?

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

• An investor who invests in businesses related to angels.

• An investor who invests in businesses related to the entertainment industry.

• An investor who invests in businesses related to the food industry.

What is an asset?

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

• A tangible item a business owns.

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

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

What is a balance sheet?

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

• A tangible item a business owns.

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

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

What are benefits in a business context?

• Costs incurred by a business for property or equipment.

• Items provided to employees in addition to standard compensation.

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

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

What is brand recognition?

• Costs incurred by a business for property or equipment.

• Items provided to employees in addition to standard compensation.

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

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

What is the break-even point?

• Costs incurred by a business for property or equipment.

• Items provided to employees in addition to standard compensation.

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

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

What is a budget?

• Costs incurred by a business for property or equipment.

• Items provided to employees in addition to standard compensation.

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

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

What is a business milestone?

• Costs incurred by a business for property or equipment.

• Items provided to employees in addition to standard compensation.

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

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

What is a business opportunity?

• Costs incurred by a business for property or equipment.

• Items provided to employees in addition to standard compensation.

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

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