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WorksheetsESB Vocabulary Quiz #4
Total questions: 38
Worksheet time: 19mins
Owner:
Two or more individuals that share a business's financial responsibility.
A legal method used to protect an invention for a limited time.
The individual(s) that own the business.
A type of compensation provided for the amount of work produced.
Partners:
Two or more individuals that share a business's financial responsibility.
A legal method used to protect an invention for a limited time.
One's ability to act to work toward achieving a goal.
The individuals that own the business.
Patent:
A type of compensation provided for the amount of work produced.
The amount of money charged for goods or services.
First-hand research like surveys, interviews, and statistical data
A legal method used to protect an invention for a limited time.
Piece Work:
A type of compensation provided for the amount of work produced.
The individuals that own the business.
Two or more individuals that share a business's financial responsibility.
A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting.
Pitch Deck:
First-hand research like surveys, interviews, and statistical data.
A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting.
The amount of money charged for goods or services.
The individuals that own the business.
Price:
The amount of money charged for goods or services.
Two or more individuals that share a business's financial responsibility.
A legal method used to protect an invention for a limited time.
First-hand research like surveys, interviews, and statistical data
Primary Data:
A legal method used to protect an invention for a limited time.
Two or more individuals that share a business's financial responsibility.
First-hand research like surveys, interviews, and statistical data.
A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting.
Problem-Solving:
A tangible item.
The amount of financial gain from a business.
The process of coming up with solutions to solve a problem.
A preliminary product, commonly a product with minimum viability, from which to test and develop.
Product:
The process of coming up with solutions to solve a problem.
A preliminary product, commonly a product with minimum viability, from which to test and develop.
The amount of financial gain from a business.
A tangible item.
Product/Market Fit:
The stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase.
The amount of financial gain from a business.
A preliminary product, commonly a product with minimum viability, from which to test and develop.
The process of coming up with solutions to solve a problem.
Profit:
The amount of financial gain from a business.
A preliminary product, commonly a product with minimum viability, from which to test and develop.
The process of coming up with solutions to solve a problem.
A tangible item.
Prototype:
The stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase.
The process of coming up with solutions to solve a problem.
The amount of financial gain from a business.
A preliminary product, commonly a product with minimum viability, from which to test and develop.
Resiliency:
The number of sales and other income in a business for a given period.
The level of willingness to lose time and money when starting a business.
The possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money.
One's ability to adapt to change, loss, and disappointment.
Revenue:
The number of sales and other income in a business for a given period.
The possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money.
The level of willingness to lose time and money when starting a business.
Return on investment is a calculation used to determine how much an investment is making.
Risk:
The level of willingness to lose time and money when starting a business.
The possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money.
The number of sales and other income in a business for a given period.
One's ability to adapt to change, loss, and disappointment.
Risk Tolerance:
Return on investment is a calculation used to determine how much an investment is making.
The possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money.
One's ability to adapt to change, loss, and disappointment.
The level of willingness to lose time and money when starting a business.
ROI:
Return on investment is a calculation used to determine how much an investment is making.
Fees paid for the use of a brand name or image.
The number of sales and other income in a business for a given period.
The level of willingness to lose time and money when starting a business.
Royalty Fees:
Fees paid for the use of a brand name or image.
Return on investment is a calculation used to determine how much an investment is making.
One's ability to adapt to change, loss, and disappointment.
The number of sales and other income in a business for a given period.
Run Rate:
A calculation used to make projections about a company's future performance.
A type of business structure with a special tax advantage that allows the company to pass its income, losses, deductions, and credits through its shareholders.
A fixed payment amount provided to a full-time employee.
S Corporation:
A type of business structure with a special tax advantage that allows the company to pass its income, losses, deductions, and credits through its shareholders.
A fixed payment amount provided to a full-time employee.
Salary:
A fixed payment amount provided to a full-time employee.
A calculation used to make projections about a company's future performance.
Sales Channel:
How a business sells its products and services to the end customer.
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Data that may contain personal bias like company newsletters and academic journals.
Trusting one self's goals and progress.
Sales Pitch:
How a business sells its products and services to the end customer.
Data that may contain personal bias like company newsletters and academic journals.
Trusting one self's goals and progress.
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Secondary Data:
Data that may contain personal bias like company newsletters and academic journals.
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Self-Reliance:
How a business sells its products and services to the end customer.
Data that may contain personal bias like company newsletters and academic journals.
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Trusting one self's goals and progress.
Selling Price:
The price a company charges for its product or service. It is determined by adding the cost price and the profit margin the company wants to earn.
Data that may contain personal bias like company newsletters and academic journals.
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Service:
An intangible service or skill that is performed.
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.
The Small Business Administration (SBA) is an independent government agency specializing in providing small businesses with assistance to get their business up and running.
A type of business structure with a single owner. The business is not shielded from any amount of liability.
Small Business:
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.
A type of business structure with a single owner. The business is not shielded from any amount of liability.
Small Business Administration:
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.
Independent government agency specializing in providing small businesses with assistance to get their business up and running.
Sole Proprietorship:
Independent government agency specializing in providing small businesses with assistance to get their business up and running.
A type of business structure with a single owner. The business is not shielded from any amount of liability.
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.
Stakeholder:
The group of customers a company chooses to market its products and services.
An individual with an interest in a business.
An individual that owns at least one share in a corporation's stock.
SWOT Analysis:
A practice used by businesses to protect a practice, process, or formula from being shared with other competitors.
A planning tool used to document a company's strengths, weaknesses, opportunities, and threats.
Target Market:
The group of customers a company chooses to market its products and services.
A practice used by businesses to protect a practice, process, or formula from being shared with other competitors.
A planning tool used to document a company's strengths, weaknesses, opportunities, and threats.
An individual that owns at least one share in a corporation's stock.
Stockholder:
An individual with an interest in a business.
An individual that owns at least one share in a corporation's stock.
Trade Secret:
A practice used by businesses to protect a practice, process, or formula from being shared with other competitors.
A planning tool used to document a company's strengths, weaknesses, opportunities, and threats.
Trademark:
A practice used to protect brand names, logos, and business names.
A promise of value that a company makes about their product or service that makes it attractive to customers.
Fluctuating costs that a business has depending on production.
Value Proposition:
Fluctuating costs that a business has depending on production.
A promise of value that a company makes about their product or service that makes it attractive to customers.
A practice used to protect brand names, logos, and business names.
Variable Costs:
Fluctuating costs that a business has depending on production.
A practice used to protect brand names, logos, and business names.
A promise of value that a company makes about their product or service that makes it attractive to customers.
