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Entrepreneurship II: Objective 1.01 Vocabulary Quiz

Total questions: 49

Worksheet time: 25mins

Name
Class
Date
1.

The process of keeping and interpreting financial records.

a)

Accounting

b)

Finance

c)

Financial Resources

d)

Funding

2.

A segment added to the end of a document; includes supporting information.

a)

Executive Summary

b)

Appendix

c)

Income Statement

d)

Market Analysis

3.

A financial statement that captures the financial condition of the business at that particular moment.

a)

Income Statement

b)

Financial Plan

c)

Balance Sheet

d)

Cost Estimate

4.

Anything that blocks the way or makes it more difficult to enter a particular market

a)

Barrier to (market) entry

b)

Bottom Line

c)

Market Analysis

d)

Sales Volume

5.

Net outcome.

a)

Bottom Line

b)

Cash Flow

c)

Cost Estimate

d)

Equity

6.

The company’s method or plan for making money.

a)

Business Plan

b)

Business Model

c)

Financial Plan

d)

Funding

7.

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.

a)

Appendix

b)

Financial Resources

c)

Business Plan

d)

Marketing Plan

8.

The company’s configuration of employees for accomplishing specific business tasks; how the business is organized.

a)

Capital Structure

b)

Marketing Plan

c)

Business Plan

d)

Business Structure

9.

The amount of money the business has invested in its goods and other property.

a)

Capital Structure

b)

Capital Investment

c)

Funding

d)

Cash Flow

10.

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.

a)

Capital Structure

b)

Cash Flow

c)

Finance

d)

Profit

11.

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.

a)

Funding

b)

Cash Flow

c)

Return on Equity

d)

Financing Costs

12.

A ball-park figure (or guess) of how much will be spent on a given activity.

a)

Bottom Line

b)

Finance

c)

Cost Estimate

d)

Capital Investment

13.

Assets minus liabilities; also known as stockholders’ (or shareholders’) equity, book value, and net worth.

a)

Cash Flow

b)

Equity

c)

Bottom Line

d)

Fixed Assets

14.

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.

a)

Appendix

b)

Financial Plan

c)

Executive Summary

d)

Marketing Plan

15.

The process of obtaining funds and using them to achieve the goals of the business.

a)

Funding

b)

Operations

c)

Finance

d)

Resources

16.

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.

a)

Risk Management Plan

b)

Financial Plan

c)

Financial Resources

d)

Income Statement

17.

All the sources of money available to a business or project

a)

Financing Costs

b)

Finance

c)

Funding

d)

Financial Resources

18.

Funding a business activity or project through debt, equity, or venture capital.

a)

Return on Equity

b)

Financing Costs

c)

Cost Estimate

d)

Profit

19.

Items of value a business owns that are not expected to change, e.g., buildings.

a)

Fixed Assets

b)

Human Resources

c)

Royalties

d)

Resources

20.

Money available to a business from one or more sources.

a)

Resources

b)

Funding

c)

Cost Estimate

d)

Profit

21.

People who work to produce goods and services.

a)

Investors

b)

Stockholders

c)

Angel Investors

d)

Human Resources

22.

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.

a)

Executive Summary

b)

Balance Sheet

c)

Income Statement

d)

Financial Plan

23.

A document communicating what a person or business intends to do within (or during) a specific timeframe.

a)

Business Plan

b)

Marketing Plan

c)

Letter of Intent

d)

Risk Management Plan

24.

Responsibilities of the business, especially legal responsibilities.

a)

Third Party Agreement

b)

Liabilities

c)

Human Resources

d)

Strategy

25.

The stages through which goods and services move from the time they are introduced on the market until they are taken off the market.

a)

Market Analysis

b)

Life Cycle

c)

Product Development

d)

Business Model

26.

The process of coordinating resources in order to accomplish an organization's goals.

a)

Physical Resources

b)

Management

c)

Human Resources

d)

Strategic Plan

27.

A systematic study of the market.

a)

Strategic Plan

b)

Market Analysis

c)

Marketing Plan

d)

Target Market

28.

The rank of a particular business in a specific market.

a)

Product Promotion

b)

Market Position

c)

Niche

d)

Market Analysis

29.

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.

a)

Business Plan

b)

Business Structure

c)

Marketing

d)

Operations

30.

A set of procedures or strategies for attracting the target customer to a business.

a)

Strategic Plan

b)

Business Plan

c)

Marketing Plan

d)

Risk Management Plan

31.

The small segment of the total market interested in a subject.

a)

Third Party Agreement

b)

Niche

c)

Target Market

d)

Venture

32.

The day-to-day activities required for continued business functioning.

a)

Resources

b)

Product Development

c)

Operations

d)

Marketing

33.

Material items used to accomplish another activity.

a)

Human Resources

b)

Resources

c)

Physical Resources

d)

Product Development

34.

The good, service, or idea a business offers its customers.

a)

Product

b)

Product Promotion

c)

Resources

d)

Assets

35.

The efforts involved in the creation of a new product.

a)

Resources

b)

Product Development

c)

Physical Resources

d)

Strategy

36.

A type of promotion that aims to persuade consumers to buy a good or service.

a)

Marketing Plan

b)

Market Analysis

c)

Strategy

d)

Product Promotion

37.

Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid.

a)

Funding

b)

Cash Flow

c)

Profit

d)

Finance

38.

Any item that is used to accomplish another activity, such as producing/providing goods and services.

a)

Physical Resources

b)

Resources

c)

Assets

d)

Strategy

39.

Financial ratio calculated by dividing net income by book value.

a)

Cash Flow

b)

Return on Equity

c)

Return on Investment

d)

Profit

40.

Financial ratio calculated by dividing net profit by investment.

a)

Cash Flow

b)

Return on Equity

c)

Return on Investment

d)

Profit

41.

A business document that involves the planning, controlling, preventing, and procedures involved in limiting business losses; optimizes the relationship of potential loss to gain.

a)

Risk Management Plan

b)

Marketing Plan

c)

Business Plan

d)

Strategic Plan

42.

A percentage of actual sales that a licensee pays to a licensor; usually anywhere from 5 to 15 percent.

a)

Profit

b)

Cash Flow

c)

Funding

d)

Royalties

43.

The amount of a firm’s sales; usually expressed in dollars.

a)

Sales Volume

b)

Profit

c)

Cash Flow

d)

Funding

44.

Long-range plan for the company as a whole; usually three to five years out.

a)

Risk Management Plan

b)

Marketing Plan

c)

Business Plan

d)

Strategic Plan

45.

Plan of action for achieving goals and objectives.

a)

Marketing Plan

b)

Strategy

c)

Business Plan

d)

Risk Management Plan

46.

The portion of a document in which the sections are listed with their page numbers for easy access.

a)

Appendix

b)

Table of Contents

c)

Executive Summary

d)

Strategic Plan

47.

The particular group of customers a business seeks to attract.

a)

Stockholders

b)

Target Market

c)

Employees

d)

Investors

48.

Legal or financial arrangement in which two companies do business through (or using) a third company.

a)

Resources

b)

Third Party Agreement

c)

Management

d)

Letter of Intent

49.

A business or business project, usually new.

a)

Venture

b)

Business Plan

c)

Product Development

d)

Fixed Assets