Introduction to Business Basics

_________ refers to financial assets or the financial value of assets, such as funds held in deposit accounts,

• Business

• Capital

• Asset

• Collateral

A _________ is a company's financial debt or obligations that arise during the course of its business operations.

• Liability

• Asset

• Business

• Capital

A __________ is an organization which seeks to make a profit through individuals working toward common goals.

• Asset

• Capital

• Business

• Liability

Which of the following is one skill needed to start a business.

• Leadership
• Communication

• Financial Management

• All of the Above

Which of the following are used to establish a business?

• Income Potential

• Leadership

• Marketing

• All of the Above

This type of investment in which a partner or investor cannot lose more than the amount invested.

• Capital

• Limited Liability

• Unlimited Liability

• Non of the Above

Good leaders know how to ___________ and ___________

• Delegate, Outsource

• Delegate, Enforce

• Outsource, Enforce

• None of the Above

Forecast your cash flow is a good _________ _______________ skill.

____________ is a good way to promote your products

or services effectively.

Having effective written and verbal _____________ skills will help you to build good working relationships.