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ESB Vocabulary 1

Total questions: 17

Worksheet time: 9mins

Name
Class
Date
1.

Acquisition Costs:

a)

A business-to-consumer transaction.

b)

A document that compares assets to liabilities plus owner's equity.

c)

Cost incurred by a business.

d)

An investor who provides funding to a business for a stake in the business in return.

2.

Angel Investor:

a)

A tangible item a business owns.

b)

A business-to-consumer transaction.

c)

A document that compares assets to liabilities plus owner's equity.

d)

An investor who provides funding to a business for a stake (ownership) in the business in return.

3.

Asset:

a)

An investor who provides funding to a business for a stake in the business in return.

b)

A tangible item a business owns.

c)

A document that compares assets to liabilities plus owner's equity.

d)

A business-to-consumer transaction.

4.

•B2B:

a)

A document that compares assets to liabilities plus owner's equity.

b)

Cost incurred by a business.

c)

A business-to-consumer transaction.

d)

A business-to-business commercial transaction between businesses.

5.

B2C:

a)

A tangible item a business owns.

b)

Cost incurred by a business.

c)

A document that compares assets to liabilities plus owner's equity.

d)

A business-to-consumer transaction.

6.

Balance Sheet:

a)

A document that compares assets to liabilities plus owner's equity.

b)

An investor who provides funding to a business for a stake in the business in return.

c)

Cost incurred by a business.

d)

A tangible item a business owns.

7.

Bootstrapping:

a)

The level of familiarity one has with a brand.

b)

The amount of money a business plans on spending during a given period.

c)

A business owner that uses their own money to fund their business.

d)

The point where a business's revenue matches its expenses over a given period.

8.

Brand Recognition:

a)

A business owner that uses their own money to fund their business.

b)

The amount of money a business plans on spending during a given period.

c)

A business owner that uses their own money to fund their business.

d)

The level of familiarity one has with a brand.

9.

Break-Even Point:

a)

The point where a business's revenue matches its expenses over a given period.

b)

The amount of money a business plans on spending during a given period.

c)

A business owner that uses their own money to fund their business.

d)

The level of familiarity one has with a brand.

10.

Budget:

a)

The level of familiarity one has with a brand.

b)

A business owner that uses their own money to fund their business.

c)

The point where a business's revenue matches its expenses over a given period.

d)

The amount of money a business plans on spending during a given period.

11.

Burn Rate:

a)

A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.

b)

A calculation used to measure a business's monthly cash flow.

c)

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

d)

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

12.

Business Opportunity:

a)

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

b)

A calculation used to measure a business's monthly cash flow.

c)

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

d)

A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.

13.

Business Plan:

a)

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

b)

A calculation used to measure a business's monthly cash flow.

c)

A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.

d)

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

14.

•C Corporation:

a)

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

b)

A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.

c)

A calculation used to measure a business's monthly cash flow.

d)

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

15.

CEO:

a)

The Chief Executive Officer holds a leadership role within a business. Oversees a business's operations and resources and makes the major decisions for the company.

b)

•The Chief Financial Officer holds a leadership role within a business. Oversees a company's finances.

c)

The action of working with one or more people toward a common goal.

16.

CFO

a)

The Chief Financial Officer holds a leadership role within a business. Oversees a company's finances.

b)

•The Chief Executive Officer holds a leadership role within a business. Oversees a business's operations and resources and makes the major decisions for the company.

c)

The action of working with one or more people toward a common goal.

17.

Collaboration:

a)

The action of working with one or more people toward a common goal.

b)

The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO oversees a company's finances.

c)

The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO oversees a business's operations and resources and makes the major decisions for the company.