Entrepreneurship
Negotiation
Types of Business Ownership
Financial Statements
Human Resources
100
Person who undertakes the organization and ownership of a business with the intent of making a profit
What is Entrepreneur
100
The walk away possibilities if agreement is not reached
What are alternatives
100
1. Take over a family business 2. Buy an existing business 3. Purchase a franchise
What are ways to acquire a business
100
Three basic types of financial statements
What are: 1. Income Statement 2. Cash Flow Statement 3. Balance Sheet
100
1. Staffing 2. Compensation 3. Benefits
What are areas of human resources management
200
The process of getting into and operating your own business
What is Entrepreneurship
200
The things you want - the things you need in a negotiation
What are interests
200
A business where one person is responsible for the activities of the business
What is a sole-proprietorship
200
Financial Statement that tells you what your business is worth at any given time
What is a Balance Sheet
200
Interview question that invoke a lengthy discussion response
What are open ended response questions
300
A business that specifically caters to a defined group
What is niche
300
The messages that pass between the parties via words, body language, etc...
What is communication
300
A business where two or more people own a business and share in the assets, liabilities, and responsibilities.
What is a partnership
300
The accounting equation
What is: Assets = liabilities plus net worth
300
Interview questions that can be answered with a yes or no response
What is a closed ended question
400
An individual within a relationship that one can run ideas by and solicit feedback from
What is a mentor
400
Using something to your advantage in negotiation
What is leverage
400
A business that is registered by a state and legally operates apart from its owner
What is a corporation
400
A financial statement that shows how much a business has gained or lost
What is an income statement
400
Interview questions that should not be used during an interview. These types of questions give candidates clues to the responses.
What are leading questions
500
1. Independence 2. Personal Satisfaction 3. Prestige 4. Being your own boss
What are two advantages of entrepreneurship
500
Giving up something in a negotiation
What is a concession
500
1. can live on after the owners have sold their interests 2. control rests with the shareholders 3. Owners have limited liability
What are advantages of a corporation
500
Describes the actual flow of cash into and out of a business over a given period of time
What is a cash flow statement
500
This type of interview question digs for more informtion
What is a probe
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