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BIizworld Vocab. #1 Test

Enter the letter for the matching Definition
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1.
expense
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2.
product
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3.
entrepreneurial cycle
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4.
loss
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5.
salary
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6.
revenue
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7.
rent
A.
something made by humans, machines, or nature.
B.
costs associated with operating a business
C.
money that a company earns by selling a product or service
D.
money regularly paid to use or occupy a space
E.
4 stages of running a business: design, manufacturing, marketing, and sales
F.
an amount of money that an employee is paid for working
G.
Occurs when total expenses exceed, or are more than, total revenue
Type the Term that corresponds to the displayed Definition.
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8.
Another word for products
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9.
a person who starts a business and is willing to risk loss in order to make money
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10.
The amount of products and/or services that are sold
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11.
money that is made in by a company after all costs and expenses are paid
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12.
a person or group of people who create and sell products and/or services in order to make money
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13.
revenue - expenses = profit
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14.
work that someone does for another person

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