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EOPA C.Sanders 2

Entrepreneurship Pathway

QuestionAnswer
What are Specialty Goods? Goods that are not mass-produced but rather assembled individually or in small quantities
What are the Disadvantages of Entrepreneurship? Entrepreneurship risk time and money to start and manage a business. they lose benefits as to working for another company or person
What are Advantages of Entrepreneurship? Freedom to make their own decisions, more opportunity, and possible wealth.
A graphical chart identifies tasks and deadline in order to complete a project as a whole is? Gantt Chart
What does COGS stand for and what is it? Cost of Goods Sold, manufacturing costs, wages of blue-collar workers, transport costs etc.
What is a non operating income? profits from investment in other companies
What does the acronym EBITDA stand for? Earning before interest, Taxes, Depreciation and Amortization
What is Depreciation? The loss in value of a tangible asset
What is Goodwill? Customers' approval and support of a business
What is an inventory? the value of raw materials
Created by: Csanders34
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