ESB Matching Vocabulary

Match the following business life cycle stages.

• Stage 5

• Existence

• Stage 2

• Success

• Stage 1

• Survival

• Stage 4

• Take-off

• Stage 3

• Resource Maturity

Match the following design thinking process

• 5

• Define

• 2

• Empathize

• 4

• Test

• 3

• Ideate

• 1

• Prototype

Match the responsibility with the corresponding role in a business.

• Has a vested interest in the success of the company

• CEO

• Owns stock in the company

• Stakeholder

• Oversees company finances

• CFO

• Reports to the board of directors

• Stockholder

• Creates the company

• Founder

Match the following legal structures.

• Shared financial backing

• C Corporation

• Ideal for a single owner seeking low risk

• Non-profit

• Easy to create but comes with unlimited liability

• Sole Proprietorship

• No ownership, no US federal

• LLC

• Best for international business even with being double-taxed

• Partnership

Match the business compensation type with the corresponding definition.

• Non-cash compensation

• Commission

• Set rate of pay for hours worked

• Salary

• Usually found in sales roles

• Hourly

• Set amount of pay in a given period

• Equity

Match the following Business Opportunities

• Which business opportunity involves higher start-up costs?

• Network marketing

• Which viability factor researches the demand for products or services?

• Franchise

• Which business opportunity involves recruiting marketers to join a team?

• Managing cash flow

• Which business opportunity obtains licenses to use a brand name?

• Licensing

• Which viability factor involves the potential funding of a business opportunity?

• Market size