Entrepreneurship
What is entrepreneurship?
Starting a new business with ideas and risk.
How old do you have to be to start a business in Austria?
18 years old
Why do businesses need accounting?
To know how much money the business makes and spends.
Wich Austrian fitness app was bought by Adidas?
Runtastic
What is a free trade?
A trade with no certificate needed.
What is cash basis accounting?
You write down money only when you get or pay it.
Name one Austrian startup related to health.
Kiweno
What is a trade license (Gewerbeschein)?
A paper you need to run a business in Austria.
What is double-entry bookkeeping?
A system with two sides: what you earn and what you spend
What is franchising?
Using another company's brand system to run your own business.
What is a GmbH?
A company with limited liability.
What is factoring?
Selling unpaid invoices to get money faster.
What is the name of the Austrian company that makes vaccines?
AFFiRiS
What is the difference between an OG and a KG?
OG: all partners share risk
KG: some partners have limited risk
Name two documents used in bookkeeping.
Balance sheet, cash book