Business Basics
A person who starts and operates a business is called this.
What is an entrepreneur?
Selling products directly to customers is called this.
What is retail?
A short, memorable phrase connected to a company or product.
What is a slogan?
This entrepreneur co-founded Facebook and leads its parent company, Meta
Who is Mark Zuckerberg?
According to Genesis, God created the world in this many days and rested on the next day.
What is six days?
The highest-ranking executive who leads a company and makes major
What is a CEO (Chief Executive Officer)?
Buying or selling products in large quantities, usually at a lower price, is called this.- The cost
What is wholesale?
A short song or tune used to help customers remember a company.
What is a jingle?
This company uses the slogan “Have It Your Way.”
What is Burger King?
This woman in the Bible was a businesswoman who sold purple cloth.
Who is Lydia?
This executive manages a company’s finances, budgets, and financial reports.
What is a CFO (Chief Financial Officer)?
A store buys a shirt for $10 and sells it for $18. This is the store’s profit.
What is $8?
This statement explains why a company exists, whom it serves, and what it hopes to accomplish.
What is a mission statement?
This entrepreneur founded Amazon as an online bookstore.
Who is Jeff Bezos?
This man stored grain during seven years of plenty to prepare Egypt for seven years of famine.
Who is Joseph?
This executive oversees the company’s daily operations.
What is a COO (Chief Operating Officer)?
A business earns $1,000 in sales and has $650 in expenses. This is its profit.
What is $350?
“I’m Lovin’ It” is associated with this restaurant.
What is McDonald’s?
This entrepreneur co-founded Microsoft with Paul Allen.
Who is Bill Gates?
In this parable, servants were expected to use wisely the resources their master gave them.
What is the Parable of the Talents?
This executive helps a company develop and manage its artificial intelligence strategy.
What is a Chief Artificial Intelligence Officer (CAIO)?
A company buys 20 water bottles for $5 each and sells all of them for $12 each. This is the total profit.
What is $140? (Cost: $100; revenue: $240; profit: $140.)
Explain the difference between a slogan and a mission statement.
A slogan is a short phrase used in marketing; a mission statement explains the company’s purpose and goals.
This entrepreneur founded SpaceX and leads Tesla.
Who is Elon Musk?
Proverbs 22:1 teaches that this is more valuable than great riches.
What is a good name or good reputation?