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ENTR 1 Module 2 Vocab

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

the state of describing the exact nature, scope, or meaning of something empathizing: understanding and sharing the feelings of another

a)

licensing

b)

defining

c)

testing

d)

ideating

2.

forming an idea; thinking

a)

defining

b)

empathizing

c)

business plan

d)

ideating

3.

making a first, typical or preliminary model of something, especially a machine, from which other forms are developed or copied

a)

ideating

b)

testing

c)

prototyping

d)

defining

4.

taking measures to check the quality, performance, or reliability of (something), especially before putting it into widespread use or practice

a)

testing

b)

ideating

c)

defining

d)

prototyping

5.

income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.

a)

Disposable Income

b)

Operating Expenses

c)

Tariff

d)

Price Discrimination

6.

refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, including aggregate demand for goods and services, employment, inflation, and economic growth.

a)

Licensing

b)

Price Discrimination

c)

Private Sector

d)

Fiscal Policy

7.

grant a license to (someone or something) to permit the use of something or to allow an activity to take place

a)

Defining

b)

Licensing

c)

Subsidy

d)

Environmental Scanning

8.

the action of selling the same product at different prices to different buyers, in order to maximize sales and profits

a)

Fiscal Policy

b)

Price Discrimination

c)

Prototyping

d)

Tariff

9.

the part of the national economy that is not under direct government control

a)

Private Sector

b)

Subsidy

c)

Public Sector

d)

Tariff

10.

the part of an economy that is controlled by the government

a)

Private Sector

b)

Licensing

c)

Prototyping

d)

Public Sector

11.

a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive

a)

Demographics

b)

Subsidy

c)

Tariff

d)

Feasibility Study

12.

a tax or duty to be paid on a particular class of imports or exports

a)

Disposable Income

b)

Operation Expenses

c)

Tariff

d)

Profitability Analysis

13.

the ongoing tracking of trends and occurrences in an organization's internal and external environment that bear on its success, currently and in the future

a)

Market Analysis

b)

Environmental Scanning

c)

Profitability Analysis

d)

Feasibility Study

14.

a document setting out a business's future objectives and strategies for achieving them

a)

Organizational Chart

b)

Market Analysis

c)

Profitability Analysis

d)

Business Plan

15.

statistical data relating to the population and particular groups within it

a)

Feasibility Study

b)

Profitability Analysis

c)

Environmental Scanning

d)

Demographics

16.

an assessment of the practicality of a proposed plan or method

a)

Feasibility Study

b)

Demographics

c)

Profitability Analysis

d)

Environmental Scanning

17.

the activity of gathering information about conditions that affect a marketplace

a)

Profitability Analysis

b)

Demographics

c)

Market Analysis

d)

Feasibility Study

18.

expenses that a business incurs through its normal business operations

a)

Disposable Income

b)

Profitability Analysis

c)

Operating Expenses

d)

Tariff

19.

a graphic representation of the structure of an organization showing the relationships of the positions or jobs within it

a)

Business Plan

b)

Private Sector

c)

Public Sector

d)

Organizational Chart

20.

a component of enterprise resource planning that allows administrators to forecast the profitability of a proposal or optimize the profitability of an existing project

a)

Prototyping

b)

Fiscal Policy

c)

Environmental Scanning

d)

Profitability Analysis