Domain 1.1
__________ employees are paid a fixed amount each pay period.
What is Salary?
The 4 P's in Marketing consist of:
What is Product, Price, Place, Promotion
What is a one-page document used to start a business to summarize key information for investors?
What is a Lean Canvas?
Tanya is composing a song and wants to protect it from being copied. Which intellectual property law would best protect Tanya's song?
What is Copyright?
Michelle owns a charter school. She has recently begun earning more money and the schools' finances are doing well. In which business life cycle stage is Michelle?
What is Success?
The key objective of a small business owner is to generate _________________.
What is a Profit?
A document that addresses the concept, customers and capitol for a business
What is a business plan?
Which section of a business plan determines if there is a large enough customer pool?
What is a marketing plan?
A ______votes on the management of a company.
What is a stockholder?
Paul has decided to purchase a new carpet for his townhouse, He visits a local store to purchase the carpet there. Why type of transaction is this?
What is B2C? Business to Consumer
During the _______ stage of the business life cycle, a company is regularly taking on new customers and starting to generate a consistent income.
The person that developed or created a company or organization.
What is Founder?
Easy to create, but comes with unlimited liability
What is Sole-Proprietorship?
_______ are for-profit corporations with limited liability and are NOT the most ideal for overseas or international operations?
What is an S-Corporation?
Lenny purchased a movie from a popular streaming service. He received immediate access to the movie. What type of e-commerce product did Lenny purchase?
What is Digital?
The five elements of the design thinking process are:
Empathize, define, ideate, _________, and test.
What is Prototype?
A business to business commercial transaction between businesses.
What is B2B?
Which section of a business plan briefly explains everything in the business plan?
What is an Executive Summary?
The five elements of the design thinking process are: empathize, define, ideate, prototype , and _____
What is Test?
Mike is the owner of a doggy daycare and grooming business. The business is economically healthy, and he is looking for ways to finance future growth. In which business life cycle is Mike?
What is Take-Off?
Which Legal Structure consists of No Ownership, No US Federal taxes.
What is Non-Profit?
A person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money
What is an Investor?
Which section of a business plan includes things like a budget and profit and loss projection?
What is a Financial Plan?
The design team creates multiple inexpensive versions of a product, known as_______ .
What is Minimum Viable Products?
What is the first stage in the business life cycle?
What is Existence?