Vocabulary
Business owned and operated by one individual.
What is sole proprietorship?
What is total revenue - total expenses?
What is profit?
The primary goal of all businesses?
What is to earn profit?
The number of continents
What is seven?
an individual or entity that purchases goods or services from a business.
What is a customer?
What are the expenses needed to run and operate a business?
What is overhead?
What is the charge imposed on business by the government?
What is taxes?
The third planet from the sun
What is Earth?
A person who starts and operates a business, taking on financial risks in the hope of making a profit
What is a entrepreneur?
A point in business when profits are equal to costs?
What is break even?
What is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time?
What is Demand?
The capitol of Texas?
What is Austin?
Group discussion to produce ideas or solve problems. Without criticism.
What is a brain storming?
Documents that provide a summary of a company's financial transactions and overall financial position, typically including income statements, balance sheets, and cash flow statements.
What is financial statement?
The total amount of a specific good or service that is available to consumers?
What is Supply?
This is the chemical symbol for water
What is H2O?
What is the net amount of cash and cash equivalents being transferred into and out of a business?
What is Cash Flow?
When the quantity demanded for a product is equal to the quantity supplied, it creates this type of economic situation.
What is Equilibrium?
This superhero is known as the “Dark Knight.”
Who is Batman?