Domain 1 Terms

A document that addresses the concept, customers, and capital for a business is called a ________.

• Business Plan

• Invoice

• Resume

• Sales Report

A business-to-business commercial transaction between businesses is known as ________.

• B2B

• B2C

• C2C

• C2B

A business-to-consumer transaction is referred to as ________.

• B2C

• C2C

• B2B

• G2C

A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation is called a ________.

• C Corporation

• S Corporation

• Limited Liability Company (LLC)

• Partnership

Holds a leadership role within a business and oversees a business's operations and resources and makes the major decisions for the company. This role is known as ________.

• CEO

• Manager

• Supervisor

• Accountant

Holds a leadership role within a business and oversees a company's finances. This role is known as ________.

• CFO

• CEO

• COO

• CTO

Holds a leadership role within a business and is responsible for overseeing the day-to-day administrative and operational functions of a business. This role is known as ________.

• COO

• CFO

• CTO

• CMO

Using one's mind to solve a problem in the best way by considering various potential solutions to the problem is called ________.

• Critical Thinking

• Guesswork

• Memorization

• Procrastination

Fill in the blank: The action of working with one or more people toward a common goal is called ________.

• Collaboration

• Competition

• Isolation

• Procrastination

Fill in the blank: A fee paid to an employee for completing a task is called ________.

• Commission

• Salary

• Bonus

• Allowance