Careers - Entrepreneurs: Question Preview (ID: 7066)


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A summary of your business's income and expenses during a specific period.
a) net profit b) income statement c) operating expense d) lease
Someone who organizes and then runs a business
a) entrepreneur b) sole proprietor c) family business d) owner
The potential for future sales
a) franchise b) revenue c) market outlook d) gross profit
The loyalty of existing customers
a) goodwill b) partnership c) corporation d) franchise
A legal right to sell a company's goods and services in a particular area.
a) lease b) corporation c) market outlook d) franchise
The business is completely owned by one person.
a) corporation b) sole proprietorship c) franchise d) partnership
The amount left after operating expenses are subtracted from the gross profit.
a) gross profit b) revenue c) net profit d) start-up costs
A business, chartered by the state that legally operates apart from the owner(s).
a) franchise b) entrepreneur c) corporation d) sole proprietorship
The difference between the costs of goods and their selling price.
a) gross profit b) net profit c) revenue d) start-up costs
The expenses involved in going into business.
a) gross profit b) start-up costs c) revenue d) net profit
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