Famous Entrepreneurs
Advantages/Disadvantages
Characteristics
Accounting
Definitions
100
___________ a very imaginative person, hardworking, commitment and most importantly a leader. Some business ventures are Paypal, SpaceX, & Tesla. Who is this person?

Elon Musk

100

What is money you have left over after you have paid off debts

Profit

100

Desire for responsibility, preference of risk, high level of energy, skill in organization, value achievement over money


Are all examples of_____________ charactertistics

Entrepreneurship

100

Name 4 ways that accounts communicate

Income statement, Retained Earnings statement, balance sheet  and statement of cash flow

100

A ___________ is one who creates a new business in the face of risk and uncertainty.

Entrepreneur

200

Association with Hublot, a swiss luxury watch brand. Contract with Nike, Wrote "dear Basketball", Nickname is the black mamba.


Kobe Bryant

200

_______________ encourages and supports businesses because a large portion of its money comes from taxes--- profits get taxed!

Government

200
A person that is realistic about what they can accomplish, believes in themselves, believs in their ability to succeed, and creates clear goals is....


What is the charactertic?

Self confidence

200

Revenue ___ expense = net income

Greater

200

Give 1 example for a 'For profit' company and 1 example for a 'non-profit' company

fort motors, murray dealership, friendly pets

Salvation army, recreation center


300

This person is known as one of the wealthiest in American film industry. He started Asylum records.

David Geffen

300

Maintaining a product or service quality, maintaining a high operation standard, continually meet the needs and wants of their consumer base is known as...

Efficiency

300
A person that works long hours to achieve success and looks for new and different ways or doesn't just sit there waiting for things to happen has these characteristics.

hard working and creative

300

On an income statement where do the following go?

Truck expense, advertising expense, fees earned, cash, bank loan, telephone expense, other revenue

Expenses: truck, advertising, telephone

Revenue: feeds earned, other revenue

300
Fred, loves to be his own boss. Lately, he has found a lot of success and his achieving his dreams. He loves the variety and adventure of being an entrepreneur. There are factors listed above, they are known as ________________ factors.

Motivational

400

Self taught chef, first female self billionaire

Martha Stewart

400

true or false: most companies operate with lower revenue than expenses

True

400

A person that is intuitive, knows what is going on and able to identify problems and find creative solutions has this characteristic.

Perceptive

400

Name 4 Assets

Cash, accounts receivable, inventories, building, furniture/fixtures, equipment, supplies

400
You can create on that reflects your own values... Is known as....

Work Conditions

500

Net worth is $106 billion, has the biggest luxury empire

Bernard Arnault

500

Categorize the following list into advantages and disadvantages

Control, creative and fulfilling life, obstacles, long hours, stress, work conditions

Advantages: control, creative and fulfilling life, work conditions

Disadvantages: obstacles, long hours, stress

500

Name 5 other characteristics

Curious, Unique, persistent, personable, visionary, optimistic, achievement oriented, able to manage risks, resourceful

500

On a balance sheet, liabilities and owners equity exist. Do you add this amount or subtract? Tell me more. 

Owners equity is subtracted from liabilities. 

500

A fixed payment made at regular intervals ( every week or month) is called what?

Salary

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