Roles & Compensation
Oversees a business's operations and resources and makes the major decisions for a company.
What is the role of a CEO?
A business structure that has no owner and does not pay federal US taxes.
What is a Nonprofit?
Using one's mind to solve a problem in the best way by considering various potential solutions to the problem.
What is critical thinking?
The total cost of acquiring a new customer.
What is customer acquisition cost?
A fixed payment amount provided to a full-time employee.
What is a salary?
A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease its taxation.
What is a C-Corporation?
The way one approaches new ideas and ventures in their life.
What is opportunity recognition?
A form of communication between businesses and customers which relays a message promoting services and goods.
What is marketing?
Responsible for overseeing the day-to-day administrative and operational functions of a business.
What is the role of a COO?
A business structure with shared financial banking.
What is a Partnership business?
The process of coming up with solutions to solve a problem.
What is problem-solving?
A written plan that outlines a company's marketing strategies.
What is a marketing plan?
Oversees a company's finance.
What is the role of a CFO?
A business structure with a special tax advantage that allows the company to pass its income, losses, deductions, and credits through its shareholders.
What is an S-Corporation?
Trusting one's self, goals, and progress.
What is self-reliance?
The group of customers a company chooses to market its products and services.
What is a target market?
Non-cash compensation offered to employees in place of or in addition to a lower salary.
What is equity?
A business structure with a single owner. The business is not shielded from any amount of liability.
What is a Sole Proprietorship?
The level of willingness to lose time and money when starting a business.
What is risk tolerance?
A persuasive speech prepared to entice a potential customer to purchase a service or good.
What is a sales pitch?