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What is a unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm? It is the most common form of business organization in the United States.
Sole Proprietorship
What is a payment made for the use of borrowed money; usually paid at periodic intervals for long-term bonds or loan?
Interest
What is lender of investment funds who starts-up business in exchange of manufacturing, marking, or sales?
Venture Capitalist
What is the activity of buying and selling mainly on a large scale?
Commerce
Fill in the blank.
"Net income is the ____ profit remaining for an individual or business after all expenses..."
TOTAL
What are the stock of goods held in reserve? It includes finished goods waiting to be sold and raw materials to be used in production.
Inventory
What is a business investment that involved renting or leasing another successful business model?
Franchise
What is a informal and usually affluent investor who provides funds to less-promising start-ups?
Angel Investors
What is a business-sponsored nonprofit organization providing information on local companies to consumers?
Better Business Bureau
A non-profit is a legal structure and uses many different fundraising strategies and crowdfunding is people giving money in small donations.
What is a form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued?
Corporation
What is a measure of business profits determined by subtracting all expenses, including taxes, from revenues?
Net Income
What is the method of using social networking to appeal to potential investors?
Crowdfunding
What is an example of sole proprietorship?
a freelance writer, photographer, personal trainer, etc (answers will vary)
What is a net income based off of?
It is based on the gross income minus all deductions.
What is a check paid to stockholders, usually quarterly, representing a portion of corporate profits?
Dividend
What is the gradual wear on capital goods?
Depreciation
What is a economic institution that operates like a business but does not seek financial gain. Schools, churches, and community-service organizations are some examples.
Nonprofit Organization
The principal is the original amount of money borrowed or loaned, but interest is the fee paid to the lender for the use of that money.
Give an example of a franchise.
Answers will vary
What is the amount borrowed when getting a loan or issuing a bond?
Principal
What is a form with four or more businesses making unrelated products, with no single business responsible for a majority of its sales?
Conglomerate
What is ia nonprofit association performing some kinds of economic activity for the benefit of its members?
Cooperative (co-op)
What is an example of a non-profit organization in your city?
What does an angel investor do?
They are a wealthy individual who helps provide money for a new business start up.