Worksheets1120 ESB Vocab 1
Total questions: 15
Worksheet time: 8mins
What does the term "CEO" stand for in a business organization?
Chief Executive Officer
Corporate Equity Organizer
Central Economic Operator
Certified Executive Organizer
Which financial statement shows a company's assets, liabilities, and equity at a specific point in time?
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Retained Earnings
What is the primary role of an Angel Investor?
To manage company finances
To provide early-stage funding to startups
To create marketing strategies
To oversee daily operations
Which term refers to a business selling products or services directly to other businesses?
B2C
B2B
C Corporation
Bootstrapping
A company is trying to determine when its total revenue will equal its total costs. What is this point called?
Break-Even Point
Burn Rate
Budget
Asset
If a startup is using its own savings and revenue to fund its growth instead of seeking outside investment, what is this strategy called?
Bootstrapping
Brand Recognition
Angel Investing
C Corporation
A company wants to improve its brand recognition. Which of the following actions would best help achieve this goal?
Increasing employee salaries
Launching a national advertising campaign
Reducing product prices
Limiting social media presence
A startup is spending 10,000permonthandearning 6,000 per month. What is its monthly burn rate?
$4,000
$6,000
$10,000
$16,000
A student is asked to compare the advantages and disadvantages of forming a C Corporation versus bootstrapping a business. Which of the following is a strategic reason to choose a C Corporation?
Ability to raise capital from many investors
Lower personal investment required
Simpler tax filing process
Less government regulation
Given a business opportunity, a student must create a basic business plan outlining the target market, product, and financial projections. Which element is most important to include for attracting an Angel Investor?
Detailed market analysis and growth potential
Employee vacation policy
Office decoration plans
List of competitors' phone numbers
Carlos, Xion, Ethan, Kalim, Joshua, Silviano, Uriel, Kevin, Pharoah, and Jesse are planning to start a new business together. The process they are engaging in is known as:
Diversification
Entrepreneurship
Liquidation
Amortization
Why do you need a business plan?
To raise capital
Gets everyone involved to focus on the same goals
Gives an objective look at what you are doing and why
It is required by law
Which of the following is NOT a type of business ownership?
Sole proprietorship
Partnership
Corporation
Monopoly
Which two business structures are common to have only 1 owner?
Sole Proprietorship
Partnership
Limited Liability Company (LLC)
C Corporation
S Corporation
Which business type is the EASIEST to create?
LLC
Sole proprietorship
Partnership
Nonprofit Entity
S Corporation
