Ch. 2 voc.

What does benchmarking involve?

• Using personal funds to minimize cash outflows

• Comparing company performance with industry standards

• Managing cash inflows and outflows

• Conducting necessary research to minimize risk

What is the breakeven point?

• When revenue exactly covers costs

• When a company compares its performance

• When a business model is created

• When cash is managed effectively

What is capitalism?

• A system of economic freedom and property ownership

• A strategy to minimize cash outflows

• A comparison of company performance

• A guide for entrepreneurial success

What is cash flow?

• The money collected and disbursed by a business

• The management of cash inflows and outflows

• The development of new ideas and ventures

• The exploration of entrepreneurship

What is cash management?

• The process of creative destruction

• The management of cash inflows and outflows

• The development of new ideas and ventures

• The exploration of entrepreneurship

What is corporate entrepreneurship?

• The development of new ideas and ventures within a corporation

• The management of cash inflows and outflows

• The exploration of entrepreneurship

• A system of economic freedom and property ownership

What is creative destruction?

• A theory by Joseph Schumpeter about entrepreneurial innovation

• A strategy to use personal funds to minimize cash outflows

• A comparison of company performance

• A guide for entrepreneurial success

What is due diligence?

• Conducting research to make informed decisions

• A strategy to use personal funds to minimize cash outflows

• A comparison of company performance

• A guide for entrepreneurial success

What is e-commerce?

• Electronic transactions over the Internet

• The management of cash inflows and outflows

• The development of new ideas and ventures

• The exploration of entrepreneurship

What is an entrepreneurial journey?

• Your exploration to discover if entrepreneurship is right for you

• A strategy to use personal funds to minimize cash outflows

• A comparison of company performance

• A guide for entrepreneurial success