Entrepreneurship Vocabulary Quiz

What is the term for taking ownership of another business.

• Advertising

• Acquisition

• Appraisal

• Barter

What is the activity of attracting public attention to a product or business through paid announcements?

• Appraisal

• Barter

• Advertising

• Funding

What is a formal estimate of the value of something on the open market?

• Business Valuation

• Appraisal

• Due Diligence

• Copyright

What is the direct exchange of merchandise and/or services between businesses called?

• Barter

• Acquisition

• Funding

• Corporation

What is the principal activity in one's life to earn money?

• Business

• Fund

• Downline

• Advertising

What is a form of protection for published and unpublished literary, scientific, and artistic works?

• Copyright
• Trademark

• Patent

• Rights

What is a body that is granted a charter recognizing it as a separate legal entity with its own rights, privileges and liabilities distinct from those of its members?

• Corporation

• Entrepreneurship

• Organization

• Foundation

What is the inquiry process of obtaining sufficient and accurate disclosure of all material documents and other information which may influence the outcome of the transaction?

• Due Diligence

• Appraisal

• Advertising

• Business Valuation

Who is a person that organizes, operates, and assumes the risk for a business venture?

• Entrepreneur
• Promotor

• Executive

• Venture Capitalist

What is a reserve of money set aside for some purpose?

• Fund
• Interest

• Reserve

• Income