Business Ownership
This type of business is owned and operated by just one single person, making it the simplest form of business ownership.
What is Sole Proprietorship?
This three-letter government agency, the FTC, is responsible for protecting consumers from deceptive or misleading ads in the United States.
A person or co-operation that grows materials that will be sold and shipped to a buyer.
What is a vendor/Supplier?
Construction on this ancient structure, intended to protect against invasions from the north, began under the Qin Dynasty around the 3rd century BCE.
What is The Great Wall Of China?
This Hall of Fame center famously spent his first six NBA seasons with the Milwaukee Bucks before being traded to the Los Angeles Lakers in 1975, where he won five more titles.
Who is Kareem Abdul-Jabbar?
Abbreviated LLC, this popular business structure protects an owner's personal assets (like their home or savings) from business debts.
What is a Limited Liability Company?
Often used in fast-food ads, commercial makers use hairspray, motor oil, or fake ice to make this look bigger and fresher than what you actually get in the drive-thru.
What is a burger?
Moving a package from a local delivering center to the customers door.
What is Last-Mile Delivery?
In 44 BCE, this Roman general and dictator was assassinated on the Ides of March by a group of senators.
Who was Julias Ceasar?
In 1995, this expansion team played its inaugural season alongside the Vancouver Grizzlies, becoming one of two Canadian franchises in the NBA.
Who are the Toronto Raptors?
People who own shares of stock in a public corporation are known by this general term.
What are stock/shareholders?
This illegal sales tactic involves advertising a super cheap product to get customers into a store, only to push a more expensive item once they arrive.
What is bait-and-switch?
Standardized in the 1950s, these uniform metal boxes made it easy to move goods between cargo ships, trains, and semi-trucks.
What are shipping containers?
King of Macedon by age 20, he created one of the largest empires in history, stretching from Greece to northwestern India before dying at age 32.
Who was Alexander The Great?
This long-time San Antonio Spurs head coach has won five NBA titles and holds the all-time record for the most regular-season wins by an NBA head coach.
Who is Gregg Popovich?
When two or more people go into business together under a formal agreement to share profits and responsibilities, they form this type of structure.
What is a partnership?
Exaggerated, subjective claims in ads like calling a diner's coffee "World's Best" are known by this legal term and are not considered false advertising because no one takes them literally.
What is Puffery?
When a company hires an outside business to handle specific operations like manufacturing or customer support.
What is Outsourcing?
Born Octavian, he was adopted by Julius Caesar and went on to become the very first Emperor of Rome in 27 BCE.
Who was Augustus?
Known as "The Answer," this 6-foot guard won the 2001 NBA MVP award and led the Philadelphia 76ers to the NBA Finals that same year.
Who is Allen Iverson?
When you buy the rights to open your own location of an established brand like McDonald's or Subway you are buying one of these.
The tiny, hard-to-read text printed at the very bottom of an ad or contract that reveals important limitations and conditions is called this.
What is a Fine Print?
Abbreviated POS, this is the location or system in a retail store where a customer executes the payment for goods or services.
What is Point of Sale?
This legendary conflict between the Greeks and the city of Troy was famously detailed in Homer's epic poem, the Iliad.
What is The Trojan War?
Before relocating to Oklahoma City in 2008, this franchise was based in Washington state and won an NBA championship in 1979 under head coach Lenny Wilkens.
Who are the Seattle SuperSonics?