WorksheetsCTE Entrepreneurship Review Set
Total questions: 15
Worksheet time: 8mins
Fixed expenses
fixes to accounting errors
Costs that do not change from month to month. Examples: Rent, Health Insurance, Car Loan Payment
expenses that are not very measurable
expenses that need to be fixed
Variable expenses
Costs that change with inflation
Expenses that might come from class members or relatives
Costs that vary in amount and type, depending on the choices you make. Examples: Groceries or Movie Tickets
Expenses that you can right off in your taxes
Break-Even Point
When a business's expenses and sales equal zero because the business has sold exactly enough units to cover its fixed expenses.
When a business is going broke
When a business can start selling goods or services
When a business will be losing money
SWOT Analysis
What the SWOT team will do to assess a dangerous situation
The analysis from Porter's 5 forces
Somewhere out there
An evaluation of a company's internal Strengths, internal Weaknesses, external Opportunities in the market and external Threats in the market.
POS system
Parts Only Service
Purchase Order Specification
Position of sales
"POS" means "point of sale" or "point of service." POS refers to the place where some sort of transaction occurs.
SBA stands for:
Small Business Administration
School of Business Administration
Small Business Automation
Sarah's Business is Awesome
SCORE stands for:
Search Company Reports
Service Corps of Retired Executives
Shaylor's report record
What the announcer say's every time Sam gets a goal
LLC stands for
Limited letter of credit
Logical Link Control
limited liability company
Landon's liquid capital
sole proprietorship
taking ownership of your goods and services, to be responsible
the most complex of business structures, a company where there are many boses
the simplest form of business organization; a firm that is owned and run by one person, but sometimes hires other workers
to have a business that speaks to the souls of your customers in a deep way
EIN stands for
Equivalent Input Negotiation
Equal input network
Equality in need
Employer Identification Number
partnership
A business in which two or more persons combine their assets and skills
A business in which two persons combine their assets and skills
A business in which no one is personally liable
A business in which everyone is equal
Copyright
You have a right to copy the literary, artistic, or musical material
the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.
Copying of up to 100 copies is allowed
When a copy is right or accurate
Trademark
Trade is allowed if you have a trademark
You have the mark of being a good or expert trader
A brand that has exclusive legal protection for both its brand name and its design
This is old business law that isn't applicable any more
A patent is defined as:
A type of law that protects individuals for liability lawsuits.
(n.) exclusive rights over an invention; copyright; (v.) to arrange or obtain such rights
something that is easily recognizable; obvious.
legal protection for something you created but that isn't necessarily unique.
FBLA stands for:
Famous Business Latinos in Action
Federal Business Law Administration
Federal Business for Latinos Agency
Future Business Leaders Of America
