Unit 5 Vocabulary

What is an entrepreneur?

• A government official managing public funds

• An entrepreneur is a person who starts and runs a business, taking on financial risks in the hope of profit.

• A person who only invests in stocks

• Someone who works for a large corporation

Define a startup.

• A startup is a newly established business aiming to develop a unique product or service.

• A startup is a large corporation with multiple products.

• A startup is a non-profit organization focused on social causes.

• A startup is a government-funded initiative.

What does revenue refer to in a business context?

• Revenue is the amount of money saved by a business.

• Revenue is the total cost incurred by a business.

• Revenue refers to the profit after expenses are deducted.

• Revenue is the total income generated from sales of goods and services.

Explain the term investment.

• Investment is the allocation of resources into an asset or project with the expectation of generating income or profit.

• Investment is solely about buying stocks and shares.

• Investment is the act of saving money without any expectation of returns.

• Investment refers to the purchase of goods for personal use.

Who is considered a stakeholder?

• Only project managers

• Individuals or groups with an interest in or affected by a project or organization.

• Individuals with no connection to the project

• Anyone who works in the office

What is meant by productivity?

• Productivity refers to the number of employees in a company.

• Productivity is the measure of how much time is spent on tasks.

• Productivity is the measure of how efficiently resources are used to produce outputs.

• Productivity is the total amount of resources available.

Describe the role of a freelancer.

• A freelancer is someone who only works for non-profit organizations.

• A freelancer is an independent professional who provides services to clients on a contract basis.

• A freelancer is a student who does part-time work for extra income.

• A freelancer is a full-time employee of a company.

What is a merger?

• A merger is when one company acquires another without any combination.

• A merger is a legal agreement to form a partnership between two companies.

• A merger is the combination of two companies into one.

• A merger is a type of investment strategy.

How is salary defined?

• An hourly wage paid for overtime work.

• A bonus given at the end of the year.

• A one-time payment for a completed project.

• A fixed regular payment made by an employer to an employee.

What does workforce mean?

• The workforce means the total number of customers in a store.

• The workforce is the amount of money a company spends on salaries.

• The workforce is the total number of workers employed or available for work in a specific area or organization.

• The workforce refers to the total number of machines in a factory.