Analysis of large sets of data by data scientists. Typically done in business to identify hidden patterns and trends and make better decisions.
What is data analytics?
100
A financial statement that lists the profits and losses of a company at a given time
What is an income statement
100
This is income generated by a business before any costs or expenses are deducted
What is revenue?
100
These 6 digit codes were created by the US Census Bureau to identify and distinguish different industries by assigning the same code to similar kinds of businesses
What is a NAICS code?
100
An entrepreneurial venture whose focus is to do some public good, such as an environmental oriented start up, or one that aids low income people
What is Social Entrepreneurship
200
An analysis of how a business, industry, profits, or other outlook going into the future
What is a forecast?
200
These are the preliminary expenses associated with launching a business
What are start-up costs?
200
A person who takes the risk of organizing and operating a new business venture
What is an entrepreneur?
200
The clients or customers sought for a business' product or service is called this
What is a target market?
200
When you have a question in the library and you don't know who to turn to, this should be your first point of contact to seek the assistance you need
What is the Q&i desk/service?
300
An abbreviation accountants and finance professionals use to signify generally accepted accounting principles
What is GAAP?
300
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The balance sheet and the income statement are the two primary types of these
What are financial statements?
300
A company whose shares of common stock are available for purchase by investors on the stock market; compared to privately held companies that do not issue stock to the public.
What is a publicly traded company?
300
These are patterns in pricing, costs, consumer behavior, or other areas that occur in one industry
What are industry trends?
300
A new product, design, or concept that passes the U.S. Patent and Trademark Office's rules and regulations for what may be patented
What is Patentable?
400
This section of your business plan provides an overview of both your historical and projected monetary situation
What are financial projections?
400
Money earned after production and overhead expenses have been deducted
What is net profit?
400
This is money used to support a new business in need of additional financing to sustain growth or further research and development, often given prior to commercialization
What is venture capital?
400
This is the portion or percentage of sales of a specific product in a given market that a company holds
What is market share?
400
A technique that some businesses use to identify customer wants and problems by capturing and analyzing Internet conversations on social media and other online platforms
What is Social Listening?
500
A method for learning what current or potential customers think about or want in your product or feature that involves a small group talking informally and led by a facilitator.
What is a focus group?
500
Someone who provides capital for a business start-up
What is an angel investor?
500
This is a framework to assess a firm's competitive strategy, in which the firm plans how to use its competitive advantages or defend against its weaknesses
What is a SWOT analysis?
500
One of the financial ratio average for a specified industry used for comparison purposes to reveal industry trends and identify differences between the performance of a specific company and the performance of its industry
What is a quick ratio
500
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A set of values and principles guiding a business to make good decisions that do not harm others and ensures the organization operates with integrity.