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ESB Vocabulary Quiz #3

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

Franchise:

a)

The characteristic of being able to tackle goals with courage and perseverance.

b)

A payment amount provided to employees for the number of hours they worked.

c)

A business that takes its name and characteristics from an existing business chain.

2.

Grit:

a)

Believing that one can accomplish anything with hard work.

b)

The characteristic of being able to tackle goals with courage and perseverance.

c)

A financial statement that details a business's revenue and expenses for a given period.

d)

A characteristic in which an individual acts to turn ideas into action.

3.

Growth Mindset:

a)

Believing that one can accomplish anything with hard work.

b)

A payment amount provided to employees for the number of hours they worked.

c)

A business that takes its name and characteristics from an existing

d)

The characteristic of being able to tackle goals with courage and perseverance.

4.

Hourly Pay:

a)

A financial statement that details a business's revenue and expenses for a given period.

b)

The characteristic of being able to tackle goals with courage and perseverance.

c)

Believing that one can accomplish anything with hard work.

d)

A payment amount provided to employees for the number of hours they worked.

5.

Income Statement:

a)

A business that takes its name and characteristics from an existing business chain.

b)

The characteristic of being able to tackle goals with courage and perseverance.

c)

A payment amount provided to employees for the number of hours they worked.

d)

A financial statement that details a business's revenue and expenses for a given period.

6.

Initiative:

a)

A business that takes its name and characteristics from an existing business chain.

b)

A characteristic in which an individual acts to turn ideas into action.

c)

The characteristic of being able to tackle goals with courage and perseverance.

d)

Believing that one can accomplish anything with hard work.

7.

Innovation:

a)

A new idea, product, or method.

b)

Goods a business owns with the purpose of selling.

c)

A creative work or invention to which an individual has been given rights.

8.

Intellectual Property:

a)

Goods a business owns with the purpose of selling.

b)

A one-page document discussing key information commonly seen in a business plan.

c)

A person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money.

d)

A creative work or invention to which an individual has been given rights.

9.

Inventory:

a)

A new idea, product, or method.

b)

The amount of money owed to an entity.

c)

Goods a business owns with the purpose of selling.

10.

Investor:

a)

A person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money.

b)

A one-page document discussing key information commonly seen in a business plan.

c)

A creative work or invention to which an individual has been given rights.

d)

Goods a business owns with the purpose of selling.

11.

Lean Canvas:

a)

The amount of money owed to an entity.

b)

A new idea, product, or method.

c)

A person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money.

d)

A one-page document discussing key information commonly seen in a business plan.

12.

Liability:

a)

A creative work or invention to which an individual has been given rights.

b)

A new idea, product, or method.

c)

The amount of money owed to an entity.

d)

Goods a business owns with the purpose of selling.

13.

LLC:

a)

A form of communication between businesses and customers which relays a message promoting services and/or goods.

b)

A business with pass-through taxation where owners pay taxes on the company's profit and losses through their personal taxes.

c)

The way one approaches new ideas and ventures in their life.

d)

A written plan that outlines a company's marketing strategies.

14.

Marketing:

a)

A form of communication between businesses and customers which relays a message promoting services and/or goods.

b)

A business with pass-through taxation where owners pay taxes on the company's profit and losses through their personal taxes.

c)

A written plan that outlines a company's marketing strategies.

d)

The expenses incurred for running day-to-day tasks in a business.

15.

Marketing Plan:

a)

The way one approaches new ideas and ventures in their life.

b)

A form of communication between businesses and customers which relays a message promoting services and/or goods.

c)

A written plan that outlines a company's marketing strategies.

d)

A type of business that has no owner and does not pay federal US taxes.

16.

Nonprofit:

a)

A type of business that has no owner and does not pay federal US taxes.

b)

The expenses incurred for running day-to-day tasks in a business.

c)

The way one approaches new ideas and ventures in their life.

d)

A form of communication between businesses and customers which relays a message promoting services and/or goods.

17.

Operating Costs:

a)

A form of communication between businesses and customers which relays a message promoting services and/or goods.

b)

A written plan that outlines a company's marketing strategies.

c)

A type of business that has no owner and does not pay federal US taxes.

d)

The expenses incurred for running day-to-day tasks in a business.

18.

Opportunity Recognition:

a)

A form of communication between businesses and customers which relays a message promoting services and/or goods.

b)

A type of business that has no owner and does not pay federal US taxes.

c)

The expenses incurred for running day-to-day tasks in a business.

d)

The way one approaches new ideas and ventures in their life.