Final Exam

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Across
  1. 2. Summary statement of a company’s financial position at a given point in time
  2. 10. Cash or goods used to generate income
  3. 13. A document describing a firm’s potential customers and a comprehensive strategy to sell them goods and services
  4. 15. An arrangement between a bank and a customer specifying the maximum amount of unsecured debt the customer can owe the bank.
  5. 17. A business, of any size or type, whose primary office is in the owner’s home
  6. 20. Individuals who have capital
  7. 21. An ownership interest in a business
  8. 22. A person who organizes, operates, and assumes the risk for a business venture
  9. 23. A business arrangement in which the day to day operations are controlled by one or more general partners
  10. 24. A non-profit organization dedicated to entrepreneurs’ education and the success of small businesses.
  11. 25. The practice of using subcontractors or other businesses for standard services
  12. 27. Linking computer systems together
  13. 28. The sale of products and services over the internet
  14. 31. Short term source of borrowed capital for which the borrower does not pledge any assets as collateral
  15. 34. Someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change
  16. 36. The difference between the company’s cash receipts and its cash payments in a given period
  17. 37. The vast network of networks
  18. 39. Identifying and targeting markets not adequately served by competitors
  19. 40. A business form that is an entity legally separate from its owners
  20. 41. Items of value that have no tangible physical properties such as ideas.
Down
  1. 1. A computer system to provide access to information or web sites
  2. 3. A business form with one owner who is responsible for all of the firm’s liabilities
  3. 4. A written document detailing a proposed venture, covering current status, expected needs, and projected results for the enterprise.
  4. 5. A form of legal protection for published and unpublished literary works
  5. 6. Also known as a “profit and loss statement,” it shows a firm’s income and expenses
  6. 7. Finished goods, work in process of manufacture, and raw materials owned by a company
  7. 8. A relatively small amount of money provided to prove a concept
  8. 9. Funding provided to companies for use in product development and initial marketing.
  9. 11. Items of value owned by a company
  10. 12. A legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses
  11. 14. Legal form of a business in which two or more persons are co-owners, sharing profits and losses
  12. 16. A summary of a company’s cash flow over a period of time
  13. 18. A computer program that enables users to access and navigate the world wide web
  14. 19. This is a form of mentoring in which workspace, coaching, and support services are provided to entrepreneurs at a reduced cost
  15. 26. An asset pledged as security for a loan
  16. 29. The process of researching, promoting, selling, and distributing a product or service
  17. 30. Dollar value of sales that will cover all of the company’s costs
  18. 32. The decrease in the value of assets over their expected life by an accepted accounting method
  19. 33. Debts a business owes
  20. 34. a computer program that facilitates the location of information on the internet
  21. 35. The ability of an asset to be converted to cash
  22. 38. A form of legal protection given to a business or individual for words, names, symbols, sounds, or colors that distinguish goods and services
  23. 42. Created in 1953, it is an independent agency of the federal government that aids, counsels, assists, and protects the interests of a small business