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Biz-6-Be an Entrep
Business-Chapter 6-Becoming an Entrepreneur
| Question | Answer |
|---|---|
| Who is someone who takes a risk in starting a business to earn a profit? | Entrepreneur |
| What us the process of starting, organizing, managing, and assuming the responsibility for a business? | Entrepreneurship |
| What is money provided by large investors to finance new products and new businesses that have a good chance to be very profitable? | Venture Capital |
| What is an invention or creation that is brand new? | Innovation |
| What is a designed change that increases the usefulness of a product, service, or process? | Improvement |
| What is SBA? | Small Business Administration |
| What is an independent business with fewer than 500 employees? | Small Business |
| What is a government agency that helps small business owners develop business plans and obtain financing and other support for their companies? | Small Business Administration |
| What is SCORE? | Service Corps of Retired Executive |
| What is a written despcription of the business idea and how it will be carried out, including all major business activities? | Business Plan |
| What is the amount of money needed to open the business? | Start-up Financing |
| What are products or raw materials on hand? | Inventory |
| What is the money needed to pay for the current operating activities of a business? | Short-term Financing |
| What is money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years? | Long-term Financing |
Created by:
Dawn Laurila Waara
on 2010-05-28