Business Basics
What word describes the money a company earns from selling goods or services?
What is revenue?
What do you pay monthly or yearly to keep an insurance policy active?
What is a premium?
What do you call a person or firm that helps clients buy and sell investments?
What is a broker?
What is the process of identifying and reducing potential losses called?
What is risk management?
What do consultants primarily provide to their clients?
What are professional recommendations or advice?
What is the term for the total amount of money a business makes after expenses?
What is profit?
What is the amount you must pay out of pocket before insurance covers costs?
What is a deductible?
What does “buy low, sell high” refer to?
What is an investment strategy?
What type of risk can’t be eliminated but can be minimized or transferred?
What is financial risk?
What’s the first step consultants usually take when starting a project?
What is assessing the client’s needs or problems?
What is the term for something valuable a business owns, like cash or equipment?
What is an asset?
What type of insurance covers injuries or damages in a car accident?
What is auto insurance?
What is a group of investments owned by one person or organization called?
What is a portfolio?
What’s one common way to transfer risk from a business to another party?
What is buying insurance?
What is the term for analyzing a company’s internal strengths and weaknesses?
What is a SWOT analysis?
What do we call the amount a business owes to others?
What are liabilities?
What type of insurance protects your income if you’re unable to work due to injury or illness?
What is disability insurance?
What is the stock market index that tracks 30 major U.S. companies?
What is the Dow Jones Industrial Average?
What’s the term for a company’s plan to continue operations after a major disruption?
What is a business continuity plan?
What do consultants often deliver at the end of an engagement?
What is a final report or presentation of findings?
What is the difference between a company’s assets and liabilities called?
What is equity?
What type of insurance protects a company against employee-related lawsuits?
What is employment practices liability insurance (EPLI)?
What’s the term for spreading investments across different assets to reduce risk?
What is diversification?
What type of risk comes from changes in laws or government policies?
What is regulatory risk?
What’s a common fee model consultants use to charge clients?
What is hourly billing or a project-based fee?