Vocabulary
What do we call the money a business pays out for things like insurance, electricity, and wages?
A) Expense
B) Experts
A) Expense
What advertising technique is used here?
Everybody is buying Johnson's Coffee.
A) Bandwagon
B) Transfer
A) Bandwagon
People who start businesses are called _______
Hint: It's a long word!
Entrepreneurs
Which of these three words does not describe a personality characteristic of an entrepreneur?
Creative, Leader, Quitter
Quitter
One student in this class only came to session 1. What was his name?
Henry
Money that a business brings in is called
revenue review
Revenue
Three out of four dentists recommend Crest toothpaste.
This is an example of:
A) Glittering Generalities
B) Facts and Figures
B) Facts and Figures
People who might like to loan us money in order to join our business are called
A) Inventors
B) Investors
B) Investors
A business might sell products like tools or food. Or a business might sell a _____________ like house painting or bookkeeping.
A) Servant
B) Service
Service
Name the members of this class.
Cayden, Leo
We can tell if we are making money over a period of months by using ______________
A) credit reports
B) cash flow
B) cash flow
A famous basketball player, LeBron James, says, "I always buy Nike!"
This is an example of:
A) Transfer
B) Testimonial
B) Testimonial
In order to get investors, we create a ___________ that explains our business and show how we intend to make a profit.
A) Business Plan
B) Email
A) Business Plan
When creating advertising, it is a good idea to create advertisements that will appeal to you _________ customer.
A) ideal
B) worst
A) ideal
Call this classmate Mr. Normal!
Cayden
We can use a Profit and ______ Statement to show whether we are making money over a short period of time.
A) Loss
B) Revenue
A) Loss
What advertising technique is used here?
Be the first to buy Blammo Bubblegum!
A) Avant-Garde
B) Bandwagon
A) Avant-Garde
Net cash flow shows cash flow over a short period of time - maybe a month. We can put several months' cash flow into a table to show if our business is being profitable over a period over several months. What do we call this table?
A) Cumulative Cash Flow
B) Occasional Cash Flow
A) Cumulative Cash Flow
Which of these is a variable expense?
A) Insurance
B) Wages
B) Wages
This person is not really a classmate, but he is here for every class and he talks a lot.
Mr. Hawley
One way to get people interested in your business is to create
advertising advising
advertising
An advertisement that that uses happy, shiny words.
A) Glittering Generalities
B) Glittering Testimonials
A) Glittering Generalities
We can increase profit by doing one of two things. Either we can raise revenues or we can reduce _________
A) Expenses
B) Extensions
A) Expenses
Which of these plans would discuss advertising?
A) Marketing Plan
B) Financial Plan
A) Marketing Plan
This classmate's mom is Canadian. He also told us he likes cycling and tennis.
Leo