Exam (elaborations)
ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts (2).
ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts (2).
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ESB v.2 Domain 1 Entrepreneurship & SmallBusiness Concepts
B2B - ANS-A commercial transaction between businesses
B2C - ANS-transactions between a company and its consumers
Brand recognition - ANS-The level of familiarity one has with a brand
Business Opportunity - ANS-A situation an entrepreneur analyzes and evaluates to see if
starting a sustainable, profitable business is feasible
Business Plan - ANS-A document that addresses the concept, customers, and capital for a
business
C Corporation - ANS-A legal structure for a corporation in which the owners, or shareholders,
are taxed separately from the entity. These corporations are also subject to corporate income
taxation. The taxing of profits from the business is at both corporate and personal levels,
creating a double taxation situation.
CEO - ANS-The __________ holds a leadership role within a business. They oversee a
business's operations and resources, makes the major decisions for the company, and reports
directly to the board of directors.
CFO - ANS-The ____________ oversees a company's finances.
Collaboration - ANS-The action of working with one or more people toward a common goal.
Commission - ANS-A fee paid to an employee for completing a task.
Confidentiality Agreement - ANS-A signed agreement stating that an entity will not disclose
information agreed upon by all parties in an arrangement.
Contract - ANS-An agreement between an employee and a company outlining obligations and
terms of employment.
COO - ANS-The _________ is responsible for overseeing the day-to-day administrative and
operational functions of a business.
Copyright - ANS-A form of protection individuals can implement to protect their intellectual
property... it is designated for print, music, film, and various other forms of creative licenses.
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