Entrepreneurship Vocabulary Review

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Across
  1. 2. Money owed by a customer to a company.
  2. 10. a person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan.
  3. 11. Proper business behavior beyond complying with legal requirements.
  4. 17. the amount an insurance company makes a policyholder pay as part of any claim.
  5. 18. costs that make up one unit of what you sell. These can be labor costs as well as material costs.
  6. 21. Money owed by a company to a supplier.
  7. 22. Equipment, inventory or other goods that are pledged to the bank in the case the company can not make a loan payment.
  8. 23. distinguishing a product or service "different than anything else," attracting customers, generating sales and serving as the foundation for a thriving business.
  9. 28. open ended questions that prompts more than a "Yes" or "No" response.
  10. 29. Funds contributed by investors to a business.
  11. 30. funds contributed by investors to a business.
  12. 31. unit price minus cost of goods sold.
  13. 32. Expenditures on equipment the business will use for many years.
  14. 33. actions entrepreneurs and companies take that go beyond their financial self-interest. These actions are voluntary but often reflect the personal beliefs of business leaders about what their companies can or should accomplish.
Down
  1. 1. Individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on investment.
  2. 3. Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.
  3. 4. the act of making a business different (and presumably more attractive to target customers) than any competitor.
  4. 5. A company that provides individuals and companies with access to financial markets.
  5. 6. an Internet phenomenon, where strangers learn about a business online and then decide whether or not to make an investment.
  6. 7. Debt from a bank.
  7. 8. Money earned when something is sold.
  8. 9. A determination of how many units are needed to sell in order to pay for all fixed costs.
  9. 10. a situation in which an individual might take an action to his/her advantage that would be to the disadvantage of a person or company that believes this individual is serving them.
  10. 12. a clear, concise and compelling way to describe a business or new business concept in 30 seconds; a differentiating vision to encourage potential investors or employees to learn more.
  11. 13. Something of value. Anything owned
  12. 14. commitment to get something done.
  13. 15. The ability to interact in a friendly and effective way with unfamiliar people. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance or background.
  14. 16. A loan.
  15. 18. a loss that an insurance company will reimburse a policyholder for in the event of a claim.
  16. 19. failure to repay a loan.
  17. 20. money paid by a company to a person who owns stock in that company.
  18. 24. The ability to accurately convey information.
  19. 25. individuals and companies often promise to keep information they learn secret. This promise is often formalized by signing a Non-Disclosure Agreement (or NDA).
  20. 26. Total Revenues minus Total Cost minus one-time expenditures (called “capital expenditures”) on equipment that will be used for many years.
  21. 27. The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information.