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27 True/False questions

  1. salaryfixed amount of money paid to an employee at regular intervals

          

  2. wagefixed payment per hour for work performed

          

  3. mentora trusted advisor with whom a person forms a developmental partnership through which information, insight, skills, and knowledge are shared to promote personal and/or professional growth

          

  4. gazellea company that achieves an annual growth rate of 20 percent or greater, typically measures by the increase of sales revenue

          

  5. lifestyle businessa company created to achieve a social objective while generating a modest profit to expand its reach, improve the product or service, and subsidize the social mission

          

  6. productamount of earnings remaining after all costs are deducted from the income of a business

          

  7. dividendintangible work that provides time, skills, or expertise in exchange for money

          

  8. trade-offa plan for how an organization or individual plans to proceed with business operations and outperform that of its competitors

          

  9. venture philanthropya person who recognizes an opportunity and organizes and manages a business, assuming the risk for the sake of potential return

          

  10. franchisea business that markets a product or service developed by a franchisor, typically i the manner specified by that franchisor

          

  11. commissiona business purchase

          

  12. entrepreneura plan for how an organization or individual plans to proceed with business operations and outperform that of its competitors

          

  13. acquisitiona percentage of a sale paid to a salesperson

          

  14. capitalmoney or property owned or used in business

          

  15. green entrepreneurshipa for-profit enterprise with the dual goals of achieving profitability and attaining social returns

          

  16. microenterprisea business that markets a product or service developed by a franchisor, typically i the manner specified by that franchisor

          

  17. voluntary exchangefixed amount of money paid to an employee at regular intervals

          

  18. cost/benefit analysisa decision-making process in which the costs of taking an action are compared to the benefits

          

  19. servicea trusted advisor with whom a person forms a developmental partnership through which information, insight, skills, and knowledge are shared to promote personal and/or professional growth

          

  20. free-enterprise systema firm with five or fewer employees, initial capitalization requirements of under $50,000, and the regular operational involvement of the owner

          

  21. opportunity costthe value of what must be given up in order to obtain something else

          

  22. profitsomething tangible that exists in nature or is made by people

          

  23. strategyfixed amount of money paid to an employee at regular intervals

          

  24. capitalismmoney or property owned or used in business

          

  25. social entrepreneurshipa for-profit enterprise with the dual goals of achieving profitability and attaining social returns

          

  26. due diligenceeach stockholder's portion of the profit-per-share paid out by a corporation

          

  27. social businessa company created to achieve a social objective while generating a modest profit to expand its reach, improve the product or service, and subsidize the social mission