Business Vocabulary Quiz

Which term describes an employee hired for a specific job at a specific rate of pay, who is not considered a permanent employee?

• Solopreneur

• Contract Employee

• Small-Business Owner

• Self-employed

What does the term "Gig Economy" refer to?

• A market for permanent, full-time jobs

• A labor market involving temporary, flexible, freelance jobs

• A type of tax deduction

• A business run from home

A company that is operated out of someone's residence is called a:

• Home-based business

• Direct Competition

• Contract Employee

• KPI

Who is considered their own boss?

• Contract Employee

• Self-employed

• Risk Averse

• Direct Competition

A person who owns a small business is called a:

• Solopreneur

• Small-Business Owner

• Risk Tolerant

• KPI

Which term describes a one-person operation where someone starts and runs the business by themselves?

• Solopreneur

• Contract Employee

• Indirect Competition

• Gig Economy

An amount that reduces a business's revenue or individual’s income, which in turn reduces the taxes owed, is called a:

• KPI

• Tax Deduction

• Risk Tolerant

• Home-based business

What does KPI stand for?

• Key Performance Indicators

• Knowledge Performance Index

• Key Product Information

• Known Performance Input

When companies offer essentially the same product or service, it is called:

• Indirect Competition

• Direct Competition

• Gig Economy

• Risk Averse

If someone is generally reluctant to take risks, they are described as:

• Risk Tolerant

• Risk Averse

• Solopreneur

• Self-employed