Vocab
A form of business organization defined as an association of two or more persons operating as co-owners.
What is a partnership
Primary goal of all businesses.
What is earning a profit?
You might want to think about forming a Limited ______ Company (LLC) for your business—at least for the tax benefits.
Luigi's brother?
Who is Mario
What six-letter hairstyle is popularly associated with the semi-ironic phrase "business in front, party in the back"?
What is a Mullet?
Two companies combining to form a new company.
What is a merger?
A good or service with tangible and intangible characteristics that provides satisfaction and benefits.
What is a product
“Accounts receivable” is the money people owe your company, while “accounts ______” refers to the money that you owe to others.
What is accounts payable?
What is Miss Zumack's favorite color.
What is yellow?
What billionaire entrepreneur and philanthropist attended the University of Pretoria in his native South Africa before moving to Canada to attend Queen's University before finally transferring to the University of Pennsylvania where he earned dual bachelor's degrees in economics and physics?
Who is Elon Musk?
A person who organizes and manages any enterprise, usually with considerable initiative and risk.
What is an Entrepreneur?
The study of how resources are distributed for the production of goods and services within a social system.
What is economics?
If you want to get a sense of your business’s fiscal health, a profit and ______ (P&L) statement can show you how much money you’re bringing in, how much is going out, and where all that money’s going.
What is loss?
The name of Jack Sparrow's ship.
What is the Black Pearl?
What is the "N" term for preferential hiring of relatives and friends even though others might be more qualified for a specific position?
What is Nepotism?
A written description of a new business venture that describes all aspects of the business.
What is a Business plan?
The funds used to acquire the natural and human resources needed to provide products.
What is capital?
In the C-Suite, the CEO is the Chief Executive Office, the COO is the Chief Operating Officer, and the CFO is the Chief ______ Officer.
What is financial?
What restaurant coined the phrase "think outside the bun"?
What is Taco Bell.
The 2002 Eminem song "Business" is about Eminem's successful partnership with what rapper who went on to found Beats Electronics?
Who is Dr. Dre?
Businesses that sell within the same market as each other.
What are competitors?
An economic system in which the community controls the means of production and distribution.
One strategy for assessing business operations is using SWOT analysis, which stands for Strengths, Weaknesses, ______, and Threats.
What is opportunity?
What book series features an orphan boy with a cut on his forehead?
What is Harry Potter.
Bret Easton Ellis wrote what 2-word novel in 1991 about a serial killer and Manhattan businessman?
What is American Psycho?