Business Terminology

Acquisition Costs are:

• The costs associated with acquiring a new customer or asset.

• The costs of maintaining existing assets.

• The costs of disposing of old assets.

• The costs of training employees.

An Angel Investor is:

• a person who invests in a new or small business venture, providing capital for start-up or expansion.

• a government official who regulates financial markets.

• a type of bank that offers loans to small businesses.

• a financial advisor who manages investment portfolios.

An Asset is:

• A liability

• An economic resource

• A type of expense

• A financial obligation

What is a B2B?

• A type of business transaction between companies

• A business model involving consumers

• A marketing strategy for end-users

• A customer service approach

B2C stands for:

• Business to Consumer

• Business to Company

• Business to Client

• Business to Corporation

A Balance Sheet is:

• a financial statement showing a company's assets, liabilities, and equity at a specific point in time.

• a document that records all cash inflows and outflows over a period.

• a report detailing the company's revenue and expenses over a fiscal year.

• a statement that outlines the company's future financial plans.

Bootstrapping is a method used in statistics and machine learning for:

• Generating random samples from a dataset

• Improving the performance of a model

• Visualizing data

• Cleaning and preprocessing data

Brand Recognition is:

• The ability of consumers to identify a brand by its attributes.

• The process of creating a new brand.

• The strategy of reducing brand value.

• The method of increasing product price.

What is a Break-Even Point?

• A point where total revenue equals total costs

• A point where profit is maximized

• A point where losses are minimized

• A point where expenses exceed revenue

What is a Budget?

• A financial plan for a defined period

• A type of investment

• A government policy

• A marketing strategy