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Start-up Business Vocabulary Game
(Goes with Quizzizz game) Use vocabulary sheet in notes to see if answers are correct.
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Q1. A clear, concise, and compelling way to describe a business or new business concepts in 30 seconds. ex) quickly describe your business to a potential investor in about 30 seconds A . Elevator Speech B. Mission-Driven C. Engaging Question D. Launch Plan
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Q2. The decision point at which an entrepreneur makes the final decision on whether or not to launch a new enterprise or to wait to open the business until a later time. A. Launch Plan B. Marketing C. Go/No Go D. Mission-Driven
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How a business communicates to large numbers of customers, motivating them to learn more about what the business offers ex) advertising A. Elevator Speech B. Marketing C. Go/No Go D. Intellectual Property
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Q4. Proper business behavior that goes beyond complying with legal requirements. To act towards shareholder as you would want them to act toward you. A. Corporate Social Responsibility B. Confidentiality C. Business Ethics D. Transparency
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Q5. A situation where an individual might take an action that gives him/her an advantage that would be a disadvantage to the person or company they are supposed to be helping. A. Fairness B. Engaging question C. Confidentiality D. Conflict of Interest
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Treating stakeholder as the entrepreneur would hope others would treat him/her.
A. Fairness B. Intellectual Property C. Corporate Social Responsibility D. Business Ethics
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Q7. Operating a business openly and communicating fully; providing shareholder with a clear understanding of what you spend and how the business operates. A. Fairness B. Corporate Business Ethics C. Confidentiality D. Fairness
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Q8. Open ended questions that prompts more than a YES or NO answer; these questions encourage more conversations. A. Corporate Social Responsibilities B. Transparency C. Engaging Question D. Marketing
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Q9. A complete package that supports a GO decision by an entrepreneur to launch a new business. Includes an Elevator Speech, Market Research, Organization plan, Marketing and Sales plan, pro forma financial projections. A. Business Plan B. Marketing C. Go/No Go D. Launch Plan
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Q10. When an entrepreneur's actions and decisions are guided by a set of beliefs about how he/she wants the business to succeed. A. Conflict of Interest B. Business Ethics C. Mission-Driven D. Business Mission Plan
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Q11. A company agrees to keep information they learn secret
Q11. A company agrees to keep information they learn secret. This agreement is often formalized by signing a Non-Disclosure Agreement (NDA) A. Business Ethics B. Launch Plan C. Fairness D. Confidentiality
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Q12. Actions entrepreneurs and companies take that go beyond their financial self-interest. ex) donate $1 to the local animal shelter for each bag of food A. Fairness B. Corporate Social Responsibility C. Confidentiality D. Business Ethics
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Q13. Non-Physical assets created by individuals or companies that hold exclusive right to commercialize. Includes: copyright, patent, trademark A. Creative Property B. Original Property C. Intellectual Property D. Creative License
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Q14. Gena has seen her client's social security number and all her bank account information. They signed an agreement to never share the information with an outside source. A. Confidentiality B. Conflict of Interest C. Business Ethics D. Intellectual Property
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Q15. Gabe shares his profits with his stakeholders instead of keeping it all for himself in a huge bonus. A. Fairness B. Business Ethics C. Corp. Social Responsibilities
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Q16. Miracle is the owner of a small t-shirt printing company
Q16. Miracle is the owner of a small t-shirt printing company. Even though everyone is working very hard, year after year she only gives raises to her family members. This is: A. a crying shame B. complete bull C. Conflict of Interest D. absolutely ridiculous
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Q17. Presley loves Beyoncé's new song and makes a commercial with her music in the background. He figures she wouldn't mind and probably would never know about it. This goes against: A. Creative License B. Intellectual Property C. Common Sense D. Common Decency
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Q18. Hi, I'm the owner of Tutti-Fruiti dog treats
Q18. Hi, I'm the owner of Tutti-Fruiti dog treats. We are the first gourmet fruit-based dog food in the country. We have two kiosks, one in the mall and one at Petco. We would like to move into Wal-Mart to bring more wholesome food to more dogs. I'd love to talk to you about it one day if you have the time. Thanks! A. Elevator Speech B. Engaging question C. Marketing
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A. Patriotic B. Mission Driven C. Ethics Driven
Q19. Zach believes strongly that returning Veterans should be treated with respect and supported by the public. He offers jobs to veterans and discounts to all service members. He is: A. Patriotic B. Mission Driven C. Ethics Driven
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Q20. Jeffery needs to decide today if his corporate cleaning business will open next week. Him and his lawyer have sat down to review the Elevator Speech, Market Research, Organizational Plan and Pro Forma Financial Projections and everything is in order. It's a(n) ____ moment. A. Scary B. Launch Plan C. OMG D. Go/No Go
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