Domain 1 Vocab Part 2

First Name

Last Name

Two or more individuals that share a business’s financial responsibility are called:

• Partners
• Stakeholders
• Employees
• Stockholders

What is the term for costs a business incurs to obtain new customers?

• Operating Costs
• Acquisition Costs
• Fixed Costs
• Variable Costs

An investor who provides funding to a startup in exchange for ownership equity is called a(n):

• Venture Capitalist
• Stakeholder
• Angel Investor
• Stockholder

Which financial statement compares assets to liabilities and owner’s equity?

• Income Statement
• Balance Sheet
• Budget Report
• Cash Flow Statement

What is the term for a business-to-business transaction?

• B2C
• MVP
• B2B
• S Corporation

If a business owner uses their own money to fund their company instead of external investment, it is called:

• Crowdfunding
• Bootstrapping
• Equity Financing
• Revenue Sharing

The point where total revenue matches total expenses is known as:

• Break-Even Point
• Profit Margin
• Burn Rate
• Sales Forecast

A document outlining a business’s concept, customers, and financial strategies is called:

• Marketing Plan
• Business Plan
• Lean Canvas
• SWOT Analysis