BPA Basics
What does the "B" stand for in BPA?
What is: Business
The total money a company brings in from sales before subtracting expenses.
What is revenue
In the accounting equation, assets equal liabilities plus this.
What is owner's equity
Product, price, place, and promotion make up this set of "Ps."
What is the marketing mix
This Excel function adds up a range of cells.
What is SUM
What levels of school can start a BPA chapter and participate at a national level?
What is middle school, high school, and college?
A business owned by one person with no legal separation between owner and company
What is a sole proprietorship
This financial statement shows revenues and expenses over a period of time.
What is the income statement
Dividing a market into groups of customers with similar needs or traits.
What is market segmentation
Pressing Ctrl+Z in most office programs does this
What is undo
What is national.
Of the four management functions (planning, organizing, leading, controlling), this one involves setting goals and deciding how to reach them.
What is planning
Revenue minus cost of goods sold
What is gross profit
A statement of what makes your product different from and better than competitors'
What is a unique selling proposition (USP)
This newer Excel function was designed to replace VLOOKUP.
What is XLOOKUP
This person leads a BPA chapter's officer team.
Who is the president?
LLC stands for this business structure, which protects owners' personal assets.
What is a limited liability company
Current assets divided by current liabilities gives this ratio, which measures short-term ability to pay debts.
What is the current ratio
In a SWOT analysis, the "O" and "T" stand for these two external factors
What are opportunities and threats
In email, BCC stands for this and hides recipients from one another.
What is blind carbon copy?
BPA helps students prepare for careers in these two broad fields.
What are business and technology?
The price at which the quantity supplied equals the quantity demanded.
What is the equilibrium price
This principle says a dollar today is worth more than a dollar received in the future.
What is the time value of money
The percentage of total industry sales captured by one company
What is market share?
In cybersecurity, the "CIA triad" is confidentiality, availability, and this.
What is integrity