Angel Investor - ANSWER An investor who provides funding to a business for a stake in
the business in return.
Asset - ANSWER A tangible item a business owns.
B2B - ANSWER commercial transaction between businesses.
B2C - ANSWER commercial transaction between a business and a customer
Balance Sheet - ANSWER A financial statement that reports assets, liabilities, and owner's
equity on a specific date.
Bootstrapping - ANSWER starting a business without external help or capital
Break-Even Point - ANSWER The point where a business's revenue matches its expenses
over a given period.
Budget - ANSWER The amount of money a business plans on spending during a given pe-
riod.
Business Opportunity - ANSWER A situation an entrepreneur analyzes and evaluates to
see if starting a sustainable, profitable business is feasible.
1
, Business Plan - ANSWER A document that addresses the concept, customers, and capital
for a business.
C Corporation - ANSWER A business structure that allows the company to pass its in-
come, losses, deductions, and credits through its shareholders to decrease their taxation.
CEO - ANSWER Person who oversees a business's operations and resources and makes
the major decisions for the company.
CFO - ANSWER Person who oversees a company's finances.
Commission - ANSWER A fee paid to an employee for completing a task.
Compensation - ANSWER A monetary amount given to employees in return for their
work.
COO - ANSWER A person who is responsible for overseeing the day-to-day administrative
and operational functions of a business.
Copyright - ANSWER A form of protection individuals can implement to protect their in-
tellectual property; designated for print, music, film, and various other forms of creative li-
censes.
Crowdfunding - ANSWER The method of sharing a start-up business online to pre-sell
products.
Customer - ANSWER An individual or business that purchases goods and services from a
business.
Customer Acquisition Cost - ANSWER The total cost of acquiring a new customer.
2
the business in return.
Asset - ANSWER A tangible item a business owns.
B2B - ANSWER commercial transaction between businesses.
B2C - ANSWER commercial transaction between a business and a customer
Balance Sheet - ANSWER A financial statement that reports assets, liabilities, and owner's
equity on a specific date.
Bootstrapping - ANSWER starting a business without external help or capital
Break-Even Point - ANSWER The point where a business's revenue matches its expenses
over a given period.
Budget - ANSWER The amount of money a business plans on spending during a given pe-
riod.
Business Opportunity - ANSWER A situation an entrepreneur analyzes and evaluates to
see if starting a sustainable, profitable business is feasible.
1
, Business Plan - ANSWER A document that addresses the concept, customers, and capital
for a business.
C Corporation - ANSWER A business structure that allows the company to pass its in-
come, losses, deductions, and credits through its shareholders to decrease their taxation.
CEO - ANSWER Person who oversees a business's operations and resources and makes
the major decisions for the company.
CFO - ANSWER Person who oversees a company's finances.
Commission - ANSWER A fee paid to an employee for completing a task.
Compensation - ANSWER A monetary amount given to employees in return for their
work.
COO - ANSWER A person who is responsible for overseeing the day-to-day administrative
and operational functions of a business.
Copyright - ANSWER A form of protection individuals can implement to protect their in-
tellectual property; designated for print, music, film, and various other forms of creative li-
censes.
Crowdfunding - ANSWER The method of sharing a start-up business online to pre-sell
products.
Customer - ANSWER An individual or business that purchases goods and services from a
business.
Customer Acquisition Cost - ANSWER The total cost of acquiring a new customer.
2
