Terms
Natural Ability to do or learn something.
Aptitude
Something that a person desires, but can function without.
Want
Rules of behavior based on ideas about what is right and wrong.
Ethics
What does SMART Stand for?
Specific, Measurable, Attainable, Realistic, Timely
What color is the Cookie Monster on Sesame Street?
Blue
Written Document that describes in detail the strategy for creating a new business.
Business Plan
Written plan of action to ensure a positive and rapid response to a changing situation.
Contingency Plan
Promoting the welfare of others.
Philanthropy
What re the 5 P's of entrepreneurship?
Passion, Problem Solving, Planning. Perseverance, Persistence
Cobra Kai ______ _____!
Never Dies
All the goods and services a business sells.
Product Mix
When an employee has competing interests or loyalties.
Conflict of Interest
Person who starts a new business.
Entrepreneur
What are the 4 functions of business?
Production, Management, Finance, Marketing
What is the Rock's Real Name?
Dwayne Johnson
General Principles or values, often a moral, that guide an organization.
Code of Ethics
Business that purchases large amounts of goods directly from the manufacturers for resale t ocaros retailers.
Wholesaler
Cost of passing up the next best choice when making a decision.
Opportunity cost
Name 5 wants
Varies
What 6 colors are on the classic Campbell's Soup Can?
Blue, Red, White, Yellow, Black, Gold
Term for all activities involved on developing and exchanging products.
Business
Taking on both the risks and responsibilities of stating a new business.
Entrepreneurship
Overall goal for a company's future; included in the business plan.
Vision Statement
Name 5 Needs
Varies
On which playing card is the cardmaker's trademark?
Ace of Spades