Business Vocabulary Quiz

What is the definition of entrepreneurship?

• The definition of entrepreneurship is the activity of setting up a business without taking any financial risks.

• The definition of entrepreneurship is the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

• The definition of entrepreneurship is the activity of setting up a business with the hope of incurring losses.

• The definition of entrepreneurship is the activity of setting up a business without the intention of making a profit.

What does business startup refer to?

• The process of expanding an existing business

• The process of shutting down a business

• The process of merging two businesses

• The process of starting a new business or venture.

Who are stakeholders in a business?

• Suppliers, competitors, government agencies, and the general public.

• Managers, shareholders, competitors, and the media.

• Shareholders, competitors, government agencies, and the general public.

• Owners, employees, customers, suppliers, investors, and the local community.

What is business investment?

• Investment refers to the act of saving money in a bank account.

• Investment is the process of buying and selling goods and services.

• Investment is the act of donating money to a charitable organization.

• the action or process of investing money for profit or material result.

What are startup costs?

• Startup costs are the expenses incurred by an established business.

• Startup costs are the expenses incurred by a new business before it starts generating revenue.

• Startup costs are the expenses incurred by a business after it starts generating revenue.

• Startup costs are the expenses incurred by a business during its first year of operation.

Which term refers to the process of starting a new business?

• establishment

• commencement

• initiation

• entrepreneurship

What is the act of investing in a business called?

• savings

• loan

• investment

• finance

Who are the people who have a stake in a business?

• stakeholders

• employees

• investors

• customers

What is the cost of starting a business called?

• initial investment

• business expenses

• startup costs

• launching fees

Which term refers to the people who have a stake in a business?

• employees

• stakeholders

• customers

• stockholders