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WorksheetsEntrepreneurship II: Objective 1.01 Vocabulary Quiz
Total questions: 49
Worksheet time: 25mins
The process of keeping and interpreting financial records.
Accounting
Finance
Financial Resources
Funding
A segment added to the end of a document; includes supporting information.
Executive Summary
Appendix
Income Statement
Market Analysis
A financial statement that captures the financial condition of the business at that particular moment.
Income Statement
Financial Plan
Balance Sheet
Cost Estimate
Anything that blocks the way or makes it more difficult to enter a particular market
Barrier to (market) entry
Bottom Line
Market Analysis
Sales Volume
Net outcome.
Bottom Line
Cash Flow
Cost Estimate
Equity
The company’s method or plan for making money.
Business Plan
Business Model
Financial Plan
Funding
A company’s blueprint for success; shows how the business works now and how it is intended to work in the future; the written business model.
Appendix
Financial Resources
Business Plan
Marketing Plan
The company’s configuration of employees for accomplishing specific business tasks; how the business is organized.
Capital Structure
Marketing Plan
Business Plan
Business Structure
The amount of money the business has invested in its goods and other property.
Capital Structure
Capital Investment
Funding
Cash Flow
The organization of the influx and outflow of the company’s money, including where the money goes on a regular basis; how a business pays for its operations.
Capital Structure
Cash Flow
Finance
Profit
The movement of funds into and out of a business; determines the amount of cash the business has to work with at any given time.
Funding
Cash Flow
Return on Equity
Financing Costs
A ball-park figure (or guess) of how much will be spent on a given activity.
Bottom Line
Finance
Cost Estimate
Capital Investment
Assets minus liabilities; also known as stockholders’ (or shareholders’) equity, book value, and net worth.
Cash Flow
Equity
Bottom Line
Fixed Assets
The most important part of a company’s business plan because it gives an overview of the entire document; used to determine whether it is worthwhile to read any further.
Appendix
Financial Plan
Executive Summary
Marketing Plan
The process of obtaining funds and using them to achieve the goals of the business.
Funding
Operations
Finance
Resources
The part of a company’s business plan that shows how the business has performed (or is likely to perform) financially; how a business intends to use its money.
Risk Management Plan
Financial Plan
Financial Resources
Income Statement
All the sources of money available to a business or project
Financing Costs
Finance
Funding
Financial Resources
Funding a business activity or project through debt, equity, or venture capital.
Return on Equity
Financing Costs
Cost Estimate
Profit
Items of value a business owns that are not expected to change, e.g., buildings.
Fixed Assets
Human Resources
Royalties
Resources
Money available to a business from one or more sources.
Resources
Funding
Cost Estimate
Profit
People who work to produce goods and services.
Investors
Stockholders
Angel Investors
Human Resources
A financial summary that shows how much money the business has made or has lost over a period of time; also called the profit-and-loss statement.
Executive Summary
Balance Sheet
Income Statement
Financial Plan
A document communicating what a person or business intends to do within (or during) a specific timeframe.
Business Plan
Marketing Plan
Letter of Intent
Risk Management Plan
Responsibilities of the business, especially legal responsibilities.
Third Party Agreement
Liabilities
Human Resources
Strategy
The stages through which goods and services move from the time they are introduced on the market until they are taken off the market.
Market Analysis
Life Cycle
Product Development
Business Model
The process of coordinating resources in order to accomplish an organization's goals.
Physical Resources
Management
Human Resources
Strategic Plan
A systematic study of the market.
Strategic Plan
Market Analysis
Marketing Plan
Target Market
The rank of a particular business in a specific market.
Product Promotion
Market Position
Niche
Market Analysis
An organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relations in ways that benefit the organization and its stakeholders.
Business Plan
Business Structure
Marketing
Operations
A set of procedures or strategies for attracting the target customer to a business.
Strategic Plan
Business Plan
Marketing Plan
Risk Management Plan
The small segment of the total market interested in a subject.
Third Party Agreement
Niche
Target Market
Venture
The day-to-day activities required for continued business functioning.
Resources
Product Development
Operations
Marketing
Material items used to accomplish another activity.
Human Resources
Resources
Physical Resources
Product Development
The good, service, or idea a business offers its customers.
Product
Product Promotion
Resources
Assets
The efforts involved in the creation of a new product.
Resources
Product Development
Physical Resources
Strategy
A type of promotion that aims to persuade consumers to buy a good or service.
Marketing Plan
Market Analysis
Strategy
Product Promotion
Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid.
Funding
Cash Flow
Profit
Finance
Any item that is used to accomplish another activity, such as producing/providing goods and services.
Physical Resources
Resources
Assets
Strategy
Financial ratio calculated by dividing net income by book value.
Cash Flow
Return on Equity
Return on Investment
Profit
Financial ratio calculated by dividing net profit by investment.
Cash Flow
Return on Equity
Return on Investment
Profit
A business document that involves the planning, controlling, preventing, and procedures involved in limiting business losses; optimizes the relationship of potential loss to gain.
Risk Management Plan
Marketing Plan
Business Plan
Strategic Plan
A percentage of actual sales that a licensee pays to a licensor; usually anywhere from 5 to 15 percent.
Profit
Cash Flow
Funding
Royalties
The amount of a firm’s sales; usually expressed in dollars.
Sales Volume
Profit
Cash Flow
Funding
Long-range plan for the company as a whole; usually three to five years out.
Risk Management Plan
Marketing Plan
Business Plan
Strategic Plan
Plan of action for achieving goals and objectives.
Marketing Plan
Strategy
Business Plan
Risk Management Plan
The portion of a document in which the sections are listed with their page numbers for easy access.
Appendix
Table of Contents
Executive Summary
Strategic Plan
The particular group of customers a business seeks to attract.
Stockholders
Target Market
Employees
Investors
Legal or financial arrangement in which two companies do business through (or using) a third company.
Resources
Third Party Agreement
Management
Letter of Intent
A business or business project, usually new.
Venture
Business Plan
Product Development
Fixed Assets
