GMetrix: Entrepreneurship and Small Business || ANSWERED & GRADED
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Course
GMetrix: Entrepreneurship
Institution
GMetrix: Entrepreneurship
COO - Answer Chief Operating Officer
COO Duties - Answer responsible for overseeing the day-to-day administrative and operational functions of a business.
Initative - Answer A characteristic in which an individual acts to turn ideas into action.
Revenue - Answer The number of sales...
GMetrix: Entrepreneurship and Small
Business || ANSWERED & GRADED
COO - Answer Chief Operating Officer
COO Duties - Answer responsible for overseeing the day-to-day administrative and
operational functions of a business.
Initative - Answer A characteristic in which an individual acts to turn ideas into action.
Revenue - Answer The number of sales and other income in a business for a given
period.
Opportunity Recognition - Answer The way one approaches new ideas and ventures in
their life.
Critical Thinking - Answer Using one's mind to solve a problem in the best way by
considering various potential solutions to the problem.
Small Business - Answer A corporation, partnership, or sole proprietorship that is
privately owned by one individual or a small group of people. They commonly have
fewer employees and revenue than larger-sized businesses.
Hourly Pay - Answer A payment amount provided to employees for the number of
hours they worked.
Pitch Deck - Answer A presentation given to potential investors to provide a brief
overview of the business plan to earn another meeting.
Risk - Answer The possibility of a loss of time and money.
Stakeholder - Answer An individual with an interest in a business.
Entrepreneur - Answer An individual who aspires to start and run a successful
business.
Risk Tolerance - Answer The level of willingness to lose time and money when starting
a business.
Ethical Practices - Answer Standards of professional conduct professionals should
uphold.
CEO - Answer Chief Executive Officer
, CEO Duties - Answer oversees a business's operations and resources and makes the
major decisions for the company.
Prototype - Answer A preliminary product, commonly a product with minimum viability,
from which to test and develop.
SWOT Analysis - Answer A planning tool used to document a company's strengths,
weaknesses, opportunities, and threats.
Resiliency - Answer One's ability to adapt to change, loss, and disappointment.
Profit - Answer The amount of financial gain from a business.
Contract - Answer An agreement between an employee and a company outlining
obligations and terms of employment.
Sales Pitch - Answer A persuasive speech prepared to entice a potential customer to
purchase a service or good.
MVP - Answer A minimum viable product (MVP) is an inexpensive preliminary product
to test the product idea.
Salary - Answer A fixed payment amount provided to a full-time employee.
LLC - Answer A limited liability company
LLC definition - Answer a business with pass-through taxation where owners pay taxes
on the company's profit and losses through their personal taxes.
Stockholder - Answer An individual that owns at least one share in a corporation's
stock.
Self-Reliance - Answer Trusting one's self, goals, and progress.
Patent - Answer A legal method used to protect an invention for a limited time.
Piece Work - Answer A type of compensation provided for the amount of work
produced.
Business Opportunity - Answer A situation an entrepreneur analyzes and evaluates to
see if starting a sustainable, profitable business is feasible.
Sole Proprietorship - Answer A type of business structure with a single owner. The
business is not shielded from any amount of liability.
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