Design Thinking
Business Structures
Business Cycle
Business Personnel
Entrepreneurial Terms
100

There are this many steps in Design Thinking

What is 5?

100

This type of business structure is owned and operated by a single person who bares unlimited financial liability.

What is Sole Proprietorship?

100

There are this many stages in the business cycle.

What is 7?

100

This executive is responsible for overseeing the day to day operations of a business.

What is the COO?

100

What an entrepreneur gets in exchange for starting a business.

What is REWARD?

200

During this stage in the Design Thinking Process, assumptions are challenged and ideas are created. 

What is IDEATE?

200

This type of corporation operates to serve the good of society.

What is a NON-PROFIT CORPORATION?

200

The first stage of the business life cycle where a business has just been created. 

What is EXISTENCE?

200

The highest ranking executive of a business. 

What is CEO?

200

An action or process of solving a problem.

What is a SOLUTION?

300

During this stage, you find out about your customer's background and day to day living. 

What is EMPATHIZE?

300

This type of business is owned by more than one person, all of whom bare full unlimited financial responsibility. 

What is a PARTNERSHIP?

300

The last stage of the business life cycle. 

What is EXIT?

300

This person is responsible for employees and gig workers at a business.

What is the MANAGER?

300

What LLC stands for.

What is LIMITED LIABILITY COMPANY?

400

During this stage of Design Thinking, solutions to your users' needs are created. 

What is MVP PROTOTYPE?

400

Owned by unlimited shareholders, and can be taxed twice. 

What is C CORPORATION?

400

At this stage in the Business Life Cycle, the business experiences rapid growth, gaining more customers and profit than ever.

What is TAKEOFF?

400

People hired for a short period of time to fill a need or perform a task that is not needed on a daily basis. 

What is a GIG WORKER?

400

A newly established business that typically focuses on rapid growth.

What is a STARTUP?

500

At this stage in Design Thinking, the customers' problem are stated.

What is DEFINE/INTERPRET?

500

This type of corporation is limited to 100 shareholders, and is only taxed once.

What is an S CORPORATION?

500

Name the stages of the Business Life Cycle in order. 

What is EXISTENCE, SURVIVAL, SUCCESS, TAKEOFF, MATURITY, PIVOT OR PERSIST, EXIT?

500

The executive in charge of creating and enforcing the policies and procedures of a business

What is the CIO?

500

A strategic management and one-page startup template for developing new business models.

What is a LEAN CANVAS?

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