Government agency charged with assisting small business.
What is SMALL BUSINESS ADMINISTRATION?
100
Businessperson who accepts both the risks and opportunities involved in creating and operating a new business venture.
What is ENTREPRENEUR?
100
Group of small investors who invest money in companies with rapid growth potential.
What is VENTURE CAPITAL COMPANY?
100
Process by which the world economy is becoming a single interdependent system.
What is GLOBALIZATION?
100
Product made or grown abroad but sold domestically.
What is IMPORT?
200
Document in which the entrepreneur summarizes her or his business strategy for the proposed new venture and hot that strategy will be implemented.
What is BUSINESS PLAN?
200
Business owned and usually operated by one person who is responsibility for all of its debts.
What is SOLE PROPRIETORSHIP?
200
Owner of shares of stock in a corporation.
What are STOCKHOLDER/SHAREHOLDER?
200
Product made or grown domestically but shipped and sold abroad.
What is EXPORT?
200
Economic value of all products a country exports minus the economic value of all products it imports.
What is BALANCE OF TRADE?
300
Arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser).
What is a FRANCHISE?
300
Corporation whose stock is widely held and available for sale to the general public.
What is PUBLICLY HELD CORPORATION?
300
Situation in which taxes may be payable both by a corporation on its profits and by shareholders on dividend incomes.
What is DOUBLE TAXATION?
300
Situation in which a country’s imports exceed its exports, creating a negative balance of trade.
What is TRADE DEFICIT?
300
The ability to produce something more efficiently than any other country can.
What is ABSOLUTE ADVANTAGE?
400
Government-regulated investment company that borrows money from the SBA to invest in or lend to a small business.
What is SMALL-BUSINESS INVESTMENT COMPANY?
400
Strategic alliance in which the collaboration involves joint ownership of the new venture.
What is JOINT VENTURE?
400
Agreement among major European nations to eliminate or make uniform most trade barriers affecting group members.
What is EUROPEAN UNION?
400
The practice of paying suppliers and distributors to perform certain business processes or to provide needed materials or service.
What is OUTSOURCING?
400
Firm that designs, produces, and markets products in many nations.
What is MULTINATIONAL FIRM?
500
Offer to buy shares made by a prospective buyer directly to a target corporation’s shareholders, who then make individual decisions about whether to sell.
What is TENDER OFFER?
500
SBA program designed to consolidate information from various disciplines and make it available to small business.
What is SMALL-BUSINESS DEVELOPMENT CENTER?
500
Flow of all money into or out of a country.
What is BALANCE OF PAYMENT?
500
Organization through which member nations negotiate trading agreements and resolve disputes about trade policies and practices.
What is WORLD TRADE ORGANIZATION?
500
Association of producers whose purpose is to control supply and prices.