Bizworld Vocab #1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| business | a person or group of people who create and sell products and/or services in order to make money
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| entrepreneur | a person who starts a business and is willing to risk loss in order to make money
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| product | something made by humans, machines, or nature.
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| service | work that someone does for another person
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| revenue | money that a company earns by selling a product or service
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| expense | costs associated with operating a business
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| profit | money that is made in by a company after all costs and expenses are paid
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| loss | Occurs when total expenses exceed, or are more than, total revenue
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| rent | money regularly paid to use or occupy a space
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| salary | an amount of money that an employee is paid for working
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| profit equation | revenue - expenses = profit
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| sales | The amount of products and/or services that are sold
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| goods | Another word for products
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| entrepreneurial cycle | 4 stages of running a business: design, manufacturing, marketing, and sales
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
jkdmarmion
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