wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Chloe DIT Semester Review 2024

Total questions: 96

Worksheet time: 48mins

Name
Class
Date
1.

cost incurred by a business

a)

acquisition costs

b)

asset

c)

small business

2.

a document that addresses the concept, customers, and capital for a business

a)

demographics

b)

crowdfunding

c)

business plan

3.

a calculation used to measure a business's monthly cash flow

a)

burn rate

b)

budget

c)

copyright

4.

an agreement between an employee and a company outlining obligations and terms of employment

a)

balence sheet

b)

compensation

c)

contract

5.

statistical data that refers to particular groups within a population

a)

demographics

b)

customer

c)

asset

6.

the possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money

a)

risk

b)

risk tolerance

c)

resiliency

7.

a new idea, product, or method

a)

run rate

b)

prototype

c)

innovation

8.

goods a business owns with the purpose of selling

a)

inventory

b)

sales pitch

c)

equity

9.

an individual that owns at least one share in a corporation's stock

a)

stockholder

b)

stakeholder

c)

employee

10.

a tangible item

a)

patent

b)

price

c)

product

11.

a business to business commercial transaction between business

a)

B2C

b)

B2B

c)

CFO

12.

A business to consumer transaction

a)

COO

b)

B2B

c)

B2C

13.

The action of working with one or more people toward a common goal

a)

copyright

b)

collaboration

c)

distribution channel

14.

an individual with an interest in business

a)

stakeholder

b)

stockholder

c)

service

15.

A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting

a)

trade secret

b)

pitch deck

c)

problem solving

16.

a practice used by businesses to protect a practice, process, or formula from being shared with other competitors

a)

patent

b)

trade secret

c)

trademark

17.

the way one approaches new ideas and ventures in their life

a)

opportunity recognition

b)

variable costs

c)

partners

18.

an individual hired by a company and compensated for their work

a)

investor

b)

employee

c)

profit

19.

a calculation used to make projections about a company's future performance

a)

run rate

b)

sales pitch

c)

risk

20.

the amount of money owned to an entity

a)

royalty fees

b)

ROI

c)

liability

21.

the amount of financial gain from a business

a)

profit

b)

initiative

c)

salary

22.

a minimum viable product is an inexpensive preliminary product to test the product idea

a)

revenue

b)

resiliency

c)

MVP

23.

the characteristic of being able to tackle goals with courage and perseverance

a)

grit

b)

initiative

c)

investor

24.

a characteristic in which an individual acts to turn ideas into action

a)

innovation

b)

equity

c)

initiative

25.

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

a)

LLC

b)

MVP

c)

ROI

26.

non-cash compensations offered to employees in place of or in addition to a lower salary

a)

investor

b)

equity

c)

fixed costs

27.

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

a)

CEO

b)

CFO

c)

COO

28.

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

a)

CEO

b)

CFO

c)

COO

29.

The Chief financial officer holds a leadership role within a business; oversees a company's finances

a)

CEO

b)

CFO

c)

COO

30.

A planning tool used to document a company's strengths, weaknesses, opportunities, and threats

a)

primary data

b)

SWOT Ananysis

c)

trademark

31.

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)

small business administration

b)

small business

c)

service

32.

an independent government agency specializing in providing a small businesses with assistance to get their business up and running

a)

piece work

b)

target market

c)

small business administration

33.

the amount of money charged for goods or servies

a)

price

b)

patent

c)

owner

34.

the group of customers a company choose to market its products and sevies

a)

target market

b)

consumer

c)

service

35.

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

a)

revenue

b)

hourly pay

c)

investor

36.

costs a business has that remain the same no matter the volume of production

a)

variable costs

b)

asset

c)

fixed costs

37.

fluctuating costs that a business has depending on production

a)

fixed costs

b)

variable costs

c)

service

38.

a practice used to protect brand names, logos, and business names

a)

trademark

b)

selling price

c)

piece work

39.

a type of compensation provided for the amount of work produced

a)

piece work

b)

patent

c)

partners

40.

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

a)

marketing

b)

resiliency

c)

franchise

41.

an individual who aspires to start and run a successful business

a)

founder

b)

investor

c)

entrepreneur

42.

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

a)

investor

b)

entrepreneur

c)

founder

43.

the person that developed or created a company or organization

a)

entrepreneur

b)

investor

c)

founder

44.

the number of sales and other income in a business for a given period

a)

revenue

b)

profit

c)

salary

45.

a fixed payment amount provided to a full-time employee

a)

entrepreneur

b)

salary

c)

employee

46.

an investor who provides funding to a business for a stake in the business in return

a)

investor

b)

angel investor

47.

an individual or business that purchases goods and services from a business

a)

customer

b)

asset

c)

crowd funding

48.

a form of protection individuals can implement to protect their intellectual property; designated for print, music, film, and various other forms of creative license

a)

copyright

b)

commission

c)

C corporation

49.

the level of familiarity one has with a brand

a)

crowd funding

b)

brand recognition

c)

compensation

50.

a situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible

a)

budget

b)

business opportunity

c)

chamber of commerce

51.

the cost of acquiring a new customer

a)

commission

b)

customer retention

c)

customer acquisition cost

52.

a tangible item a business owns

a)

asset

b)

patent

c)

selling price

53.

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

a)

lean canvas

b)

franchise

c)

ethical practices

54.

standards of professional conduct professionals should uphold

a)

intellectual property

b)

forward thinking mentality

c)

ethical practices

55.

a persuasive speech prepared to entice a potential customer to purchase a service or good

a)

innovation

b)

sales pitch

c)

prototype

56.

thinking about and planning for the future

a)

prototype

b)

forward thinking mentality

c)

growth mindset

57.

a promise of value that a company makes about their product or service that makes it attractive to customers

a)

sole proprietorship

b)

value proposition

c)

personal agency

58.

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

a)

self-reliance

b)

service

c)

nonprofit

59.

trusting one's self, goals, and progress

a)

self reliance

b)

growth mindset

c)

primary data

60.

a type of business structure with a single owner; business is not shielded from any amount of liability

a)

partners

b)

sole proprietorship

c)

personal agency

61.

a business that takes its name and characteristics from an existing business chain

a)

marketing plan

b)

royality fees

c)

franchise

62.

believing that one can accomplish anything with hard work

a)

forward thinking mentality

b)

growth mindset

63.

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

a)

income statement

b)

inventory

c)

ROI

64.

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

a)

resiliency

b)

prototype

c)

intellectual property

65.

a written plan that outlines a company's marketing strategies

a)

marketing plan

b)

prototype

c)

royalty fees

66.

a preliminary product, commonly a product with minimum viability, from which to test and develop

a)

prototype

b)

franchise

c)

grit

67.

One's ability to adapt to change, loss, and disappointment

a)

initiative

b)

resiliency

c)

risk

68.

a document that compares assets to liabilities plus owner's equity

a)

bootstrapping

b)

C corporation

c)

balance sheet

69.

The point where a business's revenue matches its expenses over a given period

a)

break-even point

b)

commission

c)

crowdfunding

70.

a business owner that uses their own money to fund their busienss

a)

bootstrapping

b)

collaboration

c)

customer retention

71.

the amount of money a business plans on spending during a given period

a)

burn rate

b)

balance sheet

c)

budget

72.

the expenses incurred for running day-to-day tasks in a busienss

a)

owner

b)

partners

c)

operating costs

73.

the individual that owns the busienss

a)

service

b)

owner

c)

partners

74.

two or more individuals that share a business's financial responsibility

a)

partners

b)

owner

c)

patent

75.

a legal method used to protect an invention for a limited time

a)

selling price

b)

personal agnecy

c)

patent

76.

one's ability to act to work toward achieving a goal

a)

personal agency

b)

growth mindset

c)

selling price

77.

the level of willingness to lose time and money when starting a business

a)

risk

b)

LLC

c)

risk tolerance

78.

Return on investment is a calculation used to determine how much an investment is making

a)

royalty fees

b)

ROI

c)

LLC

79.

fees paid for the use of a brand name or image

a)

run rate

b)

salary

c)

royalty fees

80.

a business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation

a)

C corporation

b)

B2B

c)

B2C

81.

a type of business structure with a special tax advantage that allows the company to passes income, losses, deductions, and credits through its shareholders

a)

S Corporation

b)

C Corporation

82.

a fee paid to an employee for completing a task

a)

compensation

b)

commission

83.

a monetary amount given to employees in return for their work

a)

compensation

b)

commission

84.

a signed agreement stating that an entity will not disclose information agreed upon by all parties in an ararngment

a)

crowdfunding

b)

chamber of commerce

c)

confidentiality agreement

85.

the process of coming up with solutions to solve a problem

a)

problem-solving

b)

self reliance

c)

service

86.

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

a)

selling price

b)

services

c)

product/market fit

87.

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

a)

selling price

b)

trademark

c)

variable costs

88.

an intangible skill that is performed

a)

service

b)

price

c)

trademark

89.

using one's mind to solve a problem in the best way by considering various potential solutions to the problem

a)

customer retention

b)

crowdfunding

c)

critical thinking

90.

the method of sharing a start-up business online to pre-sell products

a)

crowd funding

b)

contract

c)

business plan

91.

activities or strategies employed by a business to retain existing customers

a)

commission

b)

customer retention

c)

distribution channel

92.

a local agency with information on participating local businesses

a)

distribution channel

b)

chamber of commerce

c)

copyright

93.

a method used to get a product from the manufacturer to the end-users

a)

customer retention

b)

compensation

c)

distribution channel

94.

how a business sells its products and services to the end customer

a)

run rate

b)

sales channel

c)

distribution channel

95.

first hand research like surveys, interviews, and statistical data

a)

service

b)

stockholder

c)

primary data

96.

data that may contain personal bias like company newsletters and academic journals

a)

royalty fees

b)

revenue

c)

secondary data