Business Starters
How long should somebody prepare their elevator speech for?
30 seconds
What's another word for "a bounced check"?
Over draft
Money earned when something is sold.
Commission
Revenues minus costs is.......
Profit
The ability to accurately convey information.
Communication Skills
A company needs to pay a _________if sued for not repaying a loan.
Judgment
Corporations are owned by?
Shareholders
What is another name for a debt or a loan?
Liability
Unit price minus cost of goods sold is.......
Profit per Unit
Perseverance, resilience, and backbone are all good examples of having?
Girt
What are the 3 kinds of intellectual property?
Copy Right
Patent
Trademark
This promise is often formalized by signing a Non-Disclosure Agreement.
Confidentiality
Making monthly payments is an example of?
Installment Payments
Total Revenues minus Total Cost minus one-time expenditures is..............
Cash Flow
The ability to use computers for basic tasks is?
Computer Literacy
Pledging your house or a expensive car to the bank is an example of....?
Collateral
Fire insurance and life insurance are examples of?
A Insurance Policyholder
Costs that make up one unit of what you sell is?
Costs of Goods sold
Unit Price minus cost of goods sold is......
Contribution Margin
Being able to talk with people who are different in age, race, or appearance is?
Comfort Engaging with Strangers
Something of value?
Assets
A_____ usually pays back loans whenever the debtholder fails to do so
Guarantor
Another word for equity is?
Capital
Money Owed by a company to a supplier?
Account Payable
Someone who has will power, spirt, and shows courage, also has....
Determination