A
The person that developed or created a company or organization.
Customer / Founder / Employee
Founder
An individual or business that purchases goods and services from a business.
Customer / Employee / Employer
Customer
A payment amount provided to employees for the number of hours they worked.
Salary / Piece Work / Hourly Pay
Hourly Pay
The person/people that own the business.
CEO / CFO / Owner
Owner
The amount of money charged for goods or services.
Price / Promotion / Sale
Price
Which of the following is not a common type of compensation for employees?
Salary / Piece Work / Revenue / Commission
Revenue
Which is the most reliable form of data?
Primary Data / Secondary Data / Hybrid Data
Primary Data
__________ is an intangible act or skill that is performed for the customer.
Good / Service / Trade Secret
Service
This type of compensation is when a salesperson earns a certain percentage of the sales price for completing the sale of a good or service.
Piece Work / Commission / Hourly Pay
Commission
This is a legal method used to protect an invention for a limited time.
copyright / trademark / patent
Patent
Which of the following is an example of a variable cost for a business?
Employee Payroll / Mortgage / Insurance
Employee Payroll
Give an example of a fixed cost for a business.
Rent / Cost of Supplies / Water Bill
Rent
What is the name of the first certification that we are earn in this class?
Entrepreneurship & Small Business
Who is the person who holds a leadership role within a business, and mainly oversees the company's finances?
CEO / COO / CFO
CFO (Chief Financial Officer)
If Yeis' cardboard company sells boxes to Gabby's Hoodie Shop, what type of business relationship is that?
B2B / B2C / Small Business Administration
B2B
Marquez invested $90 at the start of 2020. At the end of 2020, the investment was valued at $134. What is Marquez's ROI?
49% / 37% / 90% / 44%
49%
Jahnaye's Jeans Shop had high sales in the year of 2021. Her company's revenue was $300,000, and the total of all of her expenses was $210,000. Was Jahnaye's Jeans Shop profitable in 2021 and if so, by how much?
No / Yes, $300,000 / Yes, $510,000 / Yes, $90,000
Yes, $90,000
What does each letter in SWOT analysis stand for?
Strengths
Weaknesses
Opportunities
Threats
________ is a one-page document discussing key information commonly seen in a business plan.
Lean Canvas / Pitch Deck / Marketing Plan
Lean Canvas
__________ is when a business owner uses their own money to fund their business.
Bootstrapping / Crowdfunding / Marketing
Bootstrapping
Sal's Strawberry Store makes all different types of strawberry foods. One of his biggest sellers is the strawberry cupcakes. If his cost price for a 12-pack of cupcakes is $1.50 and his desired profit margin is $7.25 then what should Sal's selling price be?
$5.75 / $7.25 / $8.75 / $9.25
$8.75
Greg's Alarm Clock Company made $2,000 in the month of January. What is the run rate for Greg's Alarm Clock Company?
$2,000 / $10,000 / $12,000 / $24,000
$24,000
Angie's Diner spent $100 on marketing costs and $200 on sales costs in the month of March. During that month they gained 30 new customers. What is Angie's customer acquisition cost?
$300 / $100 / $10 / $3
$10
Alfonso's Apple Patch started July with 100 customers and ended with 110 customers, but during that month his company gained 20 new customers. What is Alfonso's customer retention rate?
20% / 80% / 90% / 100%
90%
$22,000 / $122,000 / $220,000 / $2,200,000
$122,000