Domain 1 Lesson 1

The key objective of a small business owner is to generate ______

Entrepreneurs are willing to take on new opportunities and unknown ______to grow their businesses rapidly.

Tangible items that require pick-up or delivery are ______ products.

When a _______purchases an item from a business, it is a business-to-consumer transaction

_________ are for-profit corporations with limited liability.

• S Corporation

• C Corporations

• Chief Operating Officer

_______ are ideal for international businesses

• S Corporation

• C Corporations

• Chief Operating Officer

The _______ oversees daily operational and administrative functions

• S Corporation

• C Corporations

• Chief Operating Officer

A _______votes on the management of a company. [Business Roles and Responsibilities]

______ employees are paid a fixed amount each pay period. [Business Compensation Structures]

Match the following

• equity

• Employees may receive ___ based on their performance metrics.

• piece work

• Businesses can offer ___ in addition to a lower salary.

• bonuses

• Businesses can compensate employees for work they produce when being paid by