1) a person who organizes and operates a new business or businesses, taking on greater than normal financial risks in order to do so a) service b) entrepreneur c) startup capital d) business insurance 2) A document outlining a business's future objectives and strategies for achieving them a) business plan b) fundraising c) overhead costs d) mission statement 3) The money that is required to start a new business, whether for office space, permits, licenses, inventory, product development and manufacturing, marketing or any other expenses a) overhead costs b) small business loan c) startup capital d) entrepreneur 4) A statement that defines what an organization is, why it exists, its goals and philosophies a) pitch b) overhead costs c) mission statement d) service 5) The amount of money that a produced good or provided service costs a) business plan b) product c) cost per unit d) business insurance 6) All fixed costs associated with operating an establishment, not directly related to production or selling of goods a) overhead costs b) product c) startup capital d) service 7) A person that puts money into a startup or small business with the intent of receiving a portion of the profit from the business a) startup capital b) fundraising c) investor d) service 8) A presentation by one or more people to an investor or group of investors, with the hope that the investor will provide financing to the company a) product b) small business c) overhead costs d) pitch 9) When a business manufactures an item for the purpose of selling and earning a profit a) product b) cost per unit c) small business loan d) service 10) When a business sells a helpful action or form of assistance for the purpose of earning a profit a) service b) investor c) startup d) small business loan 11) Seeking to generate voluntary financial donations, without the intent of repaying the money or returning any profit to the donator(s) a) fundraising b) overhead costs c) business plan d) small business loan 12) A large amount of money lent (usually from a bank, and must be repaid) to an entrepreneur in order to launch a new business venture a) small business b) investor c) startup capital d) small business loan 13) A type of business with low-risk, a small number of employees, is locally owned and has no intentions of growing larger or incorporating into a company a) startup capital b) pitch c) small business d) startup 14) A type of business that starts small but intends to grow much larger and more successful by generating a large popularity and profitable income a) fundraising b) startup c) business plan d) small business 15) Coverage that protects businesses from losses due to events that may occur during the normal course of business a) business insurance b) service c) mission statement d) startup

Entrepreneurship

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