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WorksheetsChloe DIT Semester Review 2024
Total questions: 96
Worksheet time: 48mins
cost incurred by a business
acquisition costs
asset
small business
a document that addresses the concept, customers, and capital for a business
demographics
crowdfunding
business plan
a calculation used to measure a business's monthly cash flow
burn rate
budget
copyright
an agreement between an employee and a company outlining obligations and terms of employment
balence sheet
compensation
contract
statistical data that refers to particular groups within a population
demographics
customer
asset
the possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money
risk
risk tolerance
resiliency
a new idea, product, or method
run rate
prototype
innovation
goods a business owns with the purpose of selling
inventory
sales pitch
equity
an individual that owns at least one share in a corporation's stock
stockholder
stakeholder
employee
a tangible item
patent
price
product
a business to business commercial transaction between business
B2C
B2B
CFO
A business to consumer transaction
COO
B2B
B2C
The action of working with one or more people toward a common goal
copyright
collaboration
distribution channel
an individual with an interest in business
stakeholder
stockholder
service
A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting
trade secret
pitch deck
problem solving
a practice used by businesses to protect a practice, process, or formula from being shared with other competitors
patent
trade secret
trademark
the way one approaches new ideas and ventures in their life
opportunity recognition
variable costs
partners
an individual hired by a company and compensated for their work
investor
employee
profit
a calculation used to make projections about a company's future performance
run rate
sales pitch
risk
the amount of money owned to an entity
royalty fees
ROI
liability
the amount of financial gain from a business
profit
initiative
salary
a minimum viable product is an inexpensive preliminary product to test the product idea
revenue
resiliency
MVP
the characteristic of being able to tackle goals with courage and perseverance
grit
initiative
investor
a characteristic in which an individual acts to turn ideas into action
innovation
equity
initiative
a limited liability company is a business with pass through taxation where owners pay taxes on the company's profit and losses through their personal taxes
LLC
MVP
ROI
non-cash compensations offered to employees in place of or in addition to a lower salary
investor
equity
fixed costs
The Chief Operating Officer holds a leadership role within a business., responsible for overseeing the dqy-to-day administrative and operation functions of a business
CEO
CFO
COO
The Chief Executive Officer holds a leadership role within a business; oversees a business's operations and resources and makes the major decisions for the company
CEO
CFO
COO
The Chief financial officer holds a leadership role within a business; oversees a company's finances
CEO
CFO
COO
A planning tool used to document a company's strengths, weaknesses, opportunities, and threats
primary data
SWOT Ananysis
trademark
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
small business administration
small business
service
an independent government agency specializing in providing a small businesses with assistance to get their business up and running
piece work
target market
small business administration
the amount of money charged for goods or servies
price
patent
owner
the group of customers a company choose to market its products and sevies
target market
consumer
service
a payment amount provided to employees for the number of hours they worked
revenue
hourly pay
investor
costs a business has that remain the same no matter the volume of production
variable costs
asset
fixed costs
fluctuating costs that a business has depending on production
fixed costs
variable costs
service
a practice used to protect brand names, logos, and business names
trademark
selling price
piece work
a type of compensation provided for the amount of work produced
piece work
patent
partners
a form of communication between businesses and customers which relays a message promoting services and/or goods
marketing
resiliency
franchise
an individual who aspires to start and run a successful business
founder
investor
entrepreneur
a person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money
investor
entrepreneur
founder
the person that developed or created a company or organization
entrepreneur
investor
founder
the number of sales and other income in a business for a given period
revenue
profit
salary
a fixed payment amount provided to a full-time employee
entrepreneur
salary
employee
an investor who provides funding to a business for a stake in the business in return
investor
angel investor
an individual or business that purchases goods and services from a business
customer
asset
crowd funding
a form of protection individuals can implement to protect their intellectual property; designated for print, music, film, and various other forms of creative license
copyright
commission
C corporation
the level of familiarity one has with a brand
crowd funding
brand recognition
compensation
a situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible
budget
business opportunity
chamber of commerce
the cost of acquiring a new customer
commission
customer retention
customer acquisition cost
a tangible item a business owns
asset
patent
selling price
a one page document discussing key information commonly seen in a business plan
lean canvas
franchise
ethical practices
standards of professional conduct professionals should uphold
intellectual property
forward thinking mentality
ethical practices
a persuasive speech prepared to entice a potential customer to purchase a service or good
innovation
sales pitch
prototype
thinking about and planning for the future
prototype
forward thinking mentality
growth mindset
a promise of value that a company makes about their product or service that makes it attractive to customers
sole proprietorship
value proposition
personal agency
a type of business that has no owner and does not pay federal US taxes
self-reliance
service
nonprofit
trusting one's self, goals, and progress
self reliance
growth mindset
primary data
a type of business structure with a single owner; business is not shielded from any amount of liability
partners
sole proprietorship
personal agency
a business that takes its name and characteristics from an existing business chain
marketing plan
royality fees
franchise
believing that one can accomplish anything with hard work
forward thinking mentality
growth mindset
a financial statement that details a business's revenue and expenses for a given period
income statement
inventory
ROI
a creative work or invention to which an individual has been given rights
resiliency
prototype
intellectual property
a written plan that outlines a company's marketing strategies
marketing plan
prototype
royalty fees
a preliminary product, commonly a product with minimum viability, from which to test and develop
prototype
franchise
grit
One's ability to adapt to change, loss, and disappointment
initiative
resiliency
risk
a document that compares assets to liabilities plus owner's equity
bootstrapping
C corporation
balance sheet
The point where a business's revenue matches its expenses over a given period
break-even point
commission
crowdfunding
a business owner that uses their own money to fund their busienss
bootstrapping
collaboration
customer retention
the amount of money a business plans on spending during a given period
burn rate
balance sheet
budget
the expenses incurred for running day-to-day tasks in a busienss
owner
partners
operating costs
the individual that owns the busienss
service
owner
partners
two or more individuals that share a business's financial responsibility
partners
owner
patent
a legal method used to protect an invention for a limited time
selling price
personal agnecy
patent
one's ability to act to work toward achieving a goal
personal agency
growth mindset
selling price
the level of willingness to lose time and money when starting a business
risk
LLC
risk tolerance
Return on investment is a calculation used to determine how much an investment is making
royalty fees
ROI
LLC
fees paid for the use of a brand name or image
run rate
salary
royalty fees
a business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation
C corporation
B2B
B2C
a type of business structure with a special tax advantage that allows the company to passes income, losses, deductions, and credits through its shareholders
S Corporation
C Corporation
a fee paid to an employee for completing a task
compensation
commission
a monetary amount given to employees in return for their work
compensation
commission
a signed agreement stating that an entity will not disclose information agreed upon by all parties in an ararngment
crowdfunding
chamber of commerce
confidentiality agreement
the process of coming up with solutions to solve a problem
problem-solving
self reliance
service
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
selling price
services
product/market fit
the price a company charges for its product or service; determined by adding the cost price and the profit margin the company wants to earn
selling price
trademark
variable costs
an intangible skill that is performed
service
price
trademark
using one's mind to solve a problem in the best way by considering various potential solutions to the problem
customer retention
crowdfunding
critical thinking
the method of sharing a start-up business online to pre-sell products
crowd funding
contract
business plan
activities or strategies employed by a business to retain existing customers
commission
customer retention
distribution channel
a local agency with information on participating local businesses
distribution channel
chamber of commerce
copyright
a method used to get a product from the manufacturer to the end-users
customer retention
compensation
distribution channel
how a business sells its products and services to the end customer
run rate
sales channel
distribution channel
first hand research like surveys, interviews, and statistical data
service
stockholder
primary data
data that may contain personal bias like company newsletters and academic journals
royalty fees
revenue
secondary data
