FBLA Basics
What does FBLA stand for?
Future Business Leaders of America
What is the term for the money a business earns after expenses?
Profit
What is the term for a company’s slogan or phrase that summarizes its brand?
Tagline
Who is the founder of Amazon?
Jeff Bezos
What is the mascot of FBLA?
Owl
What year was FBLA founded?
1940
What do you call a person who starts and runs their own business?
Entrepreneur
What’s the term for a marketing strategy where customers promote products themselves through social media?
Word-of-mouth or influencer marketing
Who is the founder of Tesla?
Elon Musk
Which social media platform is most used for professional networking?
What is the national FBLA conference called?
National Leadership Conference (NLC)
Name the financial statement that shows a company’s assets, liabilities, and equity.
Balance Sheet
What color is most associated with trust in branding?
Blue
Who co-founded Apple with Steve Jobs?
Steve Wozniak
In what city is the FBLA National Center located?
Reston, Virginia
Name one program or event FBLA members participate in.
Community service, competitive events, leadership workshops
What is the term for spreading your investments to reduce risk?
Diversification
What’s the psychological concept that consumers buy products to show identity or status?
Brand association or consumer identity
Which entrepreneur is known as “The King of Fast Food”?
Ray Kroc (McDonald’s)
Name the FBLA National Officer team position responsible for overseeing communications and promoting FBLA programs.
Secretary or National Communications Officer
How many divisions does FBLA have and what are they?
4 divisions — Middle Level, High School, Collegiate, and Professional
What is a SWOT analysis used for in business?
Identifying Strengths, Weaknesses, Opportunities, and Threats
What marketing strategy involves creating scarcity or urgency—like “limited-time offer” or “only 3 left!”—to encourage customers to buy quickly?
Scarcity marketing (or Fear of Missing Out/FOMO marketing)
Who founded Canva, the online design platform used by millions of students and businesses worldwide?
Melanie Perkins
What company’s original name was Backrub before it became one of the biggest tech companies in the world?