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Global Entrepreneurship & Small Business Management Chapter 9
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entrepreneur:risk taker who operates a business
small business:an independently owned and operated business that does not dominate an industry
Manufacturing Company:Manufacturing involves changing raw materials and parts into usable products
Wholesalers:Business that buys from a manufacturer and sells to other businesses
Retailers:Business that sells directly to consumers
Service Companies:Businesses that provide service to consumers such as law officers, doctors offices,etc
Telecommuting:involves using a computer and other technology to work at home instead of in a company
office or factory
independence:Advantages of self employment
time commitment:disadvantages of self employment
budget:a financial tool that estimates a companys funds and its plan for spending those funds
Variable costs:are business expenses that change in proportion to the level of production
Fixed costs:are expenses that do not change as the level of production changes
breakeven point:the number of units a business must sell to make a profit of zero
gross profit:is the difference between the cost of an item for a business and the price for which the business can sell that item
Equity funds:business funds obtained from the owners of the business
Debt funds:business funds obtained by borrowing
balance sheet:document that reports a companys assets, liabilities,and companys equity
income statement:a document that summarizes a companys revenue from sales and its expenses over a period of time
Cash flow:the inflow and outflow of cash
Owners equity:Assets minus Liabilities
Global Entrepreneurship & Small Business Management Chapter 9
Across:2. | business funds obtained by borrowing | 8. | Business that buys from a manufacturer and sells to other businesses | 14. | business funds obtained from the owners of the business |
| 15. | Advantages of self employment | 16. | involves using a computer and other technology to work at home instead of in a company | 17. | Assets minus Liabilities |
| | Down:1. | Manufacturing involves changing raw materials and parts into usable products | 3. | a financial tool that estimates a companys funds and its plan for spending those funds | 4. | a document that summarizes a companys revenue from sales and its expenses over a period of time | 5. | document that reports a companys assets, liabilities,and companys equity | 6. | Business that sells directly to consumers | 7. | risk taker who operates a business |
| 9. | an independently owned and operated business that does not dominate an industry | 10. | | 11. | the inflow and outflow of cash | 12. | are expenses that do not change as the level of production changes | 13. | disadvantages of self employment |
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© 2012
PuzzleFast.com, Noncommercial Use Only
Global Entrepreneurship & Small Business Management Chapter 9
Across:2. | business funds obtained by borrowing | 8. | Business that buys from a manufacturer and sells to other businesses | 14. | business funds obtained from the owners of the business |
| 15. | Advantages of self employment | 16. | involves using a computer and other technology to work at home instead of in a company | 17. | Assets minus Liabilities |
| | Down:1. | Manufacturing involves changing raw materials and parts into usable products | 3. | a financial tool that estimates a companys funds and its plan for spending those funds | 4. | a document that summarizes a companys revenue from sales and its expenses over a period of time | 5. | document that reports a companys assets, liabilities,and companys equity | 6. | Business that sells directly to consumers | 7. | risk taker who operates a business |
| 9. | an independently owned and operated business that does not dominate an industry | 10. | | 11. | the inflow and outflow of cash | 12. | are expenses that do not change as the level of production changes | 13. | disadvantages of self employment |
| |
© 2012
PuzzleFast.com, Noncommercial Use Only