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What has a face and two hands but no arms or legs?
A clock
What is my dogs name?
Benji
What is an income earned from the sale of goods or services?
 
Revenue
 
Profit
 
Gross Profit
 
Expenses
Something a person or company owes, usually a sum of money
Liability
A person who starts his own business
 
Entrepreneur
 
Corporation
 
Sole Proprietor
 
Partnership
The reduction of jobs permanently means
 
Downsizing
 
Oversizing
 
High pressure sizing
 
Upsizing
The production of large quantities of a standardized article (often using assembly line techniques)
 
Mass Production
 
Job Production
 
Service Production
 
Batch Production
Goods produced or manufactured out of the country and imported
 
Foreign goods
 
Domestic goods
 
Public goods
 
Consumer goods
Goods produced or manufactured in the country with national or nationalized raw materials
 
Domestic goods
 
Home goods
 
Non domestic goods
 
Public goods
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
GDP
What do you call a short summary of your business that provides important detail to attract buyers and investors?
 
Business Pitch
 
Elevator Pitch
 
Baseball Pitch
 
Curveball Pitch
The money does not differ when paid. It normally stays to the same amount
 
Fixed Expenses
 
Cost of Goods Sold
 
Financial Expenses
 
Operating Expenses
What do you call an estimate of income and expenditure for a set period of time
budget
When a company is in debt and can't pay their bills. They most likely will declare?
Bankruptcy
A group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle
Target Market
A legal entity that is separate and distinct from its owners
 
corporation
 
shareholders
 
board of directors
 
subsidiaries
A business that is owned by a single/ one person
 
Sole Proprietorship
 
Partnership
 
Corporations
 
S Corporations
2 different business that come together and both have an even share on things
Partnership
A letter that helps the interview understand more about yourself
 
Cover letter
 
Love Letter
 
Business Letter
 
Employment Letter
Someone's past experience with jobs or a job and other specific information about your knowledge, etc.
 
Resume
 
Cover letter
 
Skills
 
Entrepreneur
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
 
Natural Resources
 
Agriculture
 
Raw Materials
 
Inventory
Economic activity concerned with the processing of raw materials and manufacture of goods in factories
 
Industry
 
Corporation
 
Geography
 
Economy
Nations that are behind in technology and industrial revolution
 
Third World
 
Second World
 
First World
 
Fourth World
A stock of a resource from which a person or place can be provided by the necessary amount of that resource
 
supply
 
demand
 
want
 
need
The management of large amounts of money, by governments or large companies are called?
 
finance
 
accounting
 
corporation
 
economic growth
The balance sheet documents a company's financial health at specific points in time. What is the accounting equation?
 
Asset = Liabilities + Equity
 
Asset = Liabilities + Expense
 
Asset = Liabilities - Equity
 
Asset = Liabilities - Expense
NASDAQ and NYSE are two largest ______ in the U.S.
 
stock exchanges
 
corporation
 
companies
 
business
The final reward that a business earns in sales (revenue) minus expenses is called?
Profit


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