Brand recognition - ANS-The level of familiarity one has with a brand
Business Opportunity - ANS-A situation an entrepreneur analyzes and evaluates to see
if starting a sustainable, profitable business is feasible
Business Plan - ANS-A document that addresses the concept, customers, and capital
for a business
C Corporation - ANS-A C corporation is a legal structure for a corporation in which the
owners, or shareholders, are taxed separately from the entity. C corporations are also
subject to corporate income taxation. The taxing of profits from the business is at both
corporate and personal levels, creating a double taxation situation.
CEO - ANS-The Chief Executive Officer (CEO) holds a leadership role within a
business. The CEO oversees a business's operations and resources and makes the
major decisions for the company.
CFO - ANS-The Chief Financial Officer (CFO) holds a leadership role within a business.
The CFO oversees a company's finances.
Collaboration - ANS-The action of working with one or more people toward a common
goal.
Commission - ANS-A fee paid to an employee for completing a task.
Compensation - ANS-A monetary amount given to employees in return for their work.
Confidentiality Agreement - ANS-A signed agreement stating that an entity will not
disclose information agreed upon by all parties in an arrangement.
Contract - ANS-An agreement between an employee and a company outlining
obligations and terms of employment.
, COO - ANS-The Chief Operating Officer (COO) holds a leadership role within a
business. The COO is responsible for overseeing the day-to-day administrative and
operational functions of a business.
Copyright - ANS-A form of protection individuals can implement to protect their
intellectual property. Copyright is designated for print, music, film, and various other
forms of creative licenses.
Critical Thinking - ANS-Using one's mind to solve a problem in the best way by
considering various potential solutions to the problem.
Customer - ANS-An individual or business that purchases goods and services from a
business.
Design Thinking - ANS-A learning process focused on customers and their needs. Used
to develop user-friendly products.
E-commerce - ANS-selling items over the internet
Employee - ANS-An individual hired by a company and compensated for their work.
Entrepreneur - ANS-An individual who aspires to start and run a successful business.
Willing to explore new opportunities and unknown risks.
Equity - ANS-Non-cash compensations offered to employees in place of or in addition to
a lower salary.
Ethical Practices - ANS-Standards of professional conduct professionals should uphold.
Forward-Thinking Mentality - ANS-Thinking about and planning for the future.
Founder - ANS-The person that developed or created a company or organization.
Franchise - ANS-A business that takes its name and characteristics from an existing
business chain.
Grit - ANS-The characteristic of being able to tackle goals with courage and
perseverance.
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