Unit 5 Business Terms

What is the main means of mass communication, including broadcasting, publishing, and the Internet, regarded collectively?

• Media

• Mission Statement

• Net Worth

• Partnership

What is a short written statement made by an organization to communicate its aims to customers, employees, shareholders, etc.?

• Media

• Mission Statement

• Net Worth

• Patent

What is the amount by which assets exceed liabilities, applicable to individuals and businesses as a key measure of how much an entity is worth?

• Media

• Mission Statement

• Net Worth

• Partnership

What is a relationship between two people, organizations, or countries that work together?

• Media

• Mission Statement

• Net Worth

• Partnership

What is a legal document giving a person or company the right to make or sell a new invention, product, or method, and stating that no other person or company is allowed to do this?

• Media

• Mission Statement

• Net Worth

• Patent

Fill in the blank: _______ is the notice or attention given to someone or something by the media.

• Publicity

• Privacy

• Obscurity

• Secrecy

Fill in the blank: _______ is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

• Profit

• Loss

• Revenue

• Expense

Fill in the blank: _______ is a move to a more important job or rank in a company or organization.

• Promotion

• Demotion

• Transfer

• Resignation

Fill in the blank: _______ is the first form that a new design of a car, machine etc. has.

• Prototype

• Blueprint

• Model

• Draft

Fill in the blank: _______ refers to land or buildings and the business of buying and selling them.

• Real Estate

• Stock Market

• Cryptocurrency

• Insurance