Question

fill - in - the - blanks
instructions: while watching domain 1 lesson 1, fill in the missing words according to the information presented by the instructor. references are found in the brackets.

1. the key objective of a small business owner is to generate entrepreneurship and small business
2. entrepreneurs are willing to take on new opportunities and unknown entrepreneurship and small business to grow rapidly.
3. tangible items that require pick - up or delivery are classify types of products
4. when a types of businesses purchases an item from a business, it is a business - to - consumer transaction.
5. business legal structure are for - profit corporations with limited liability.
6. business legal structure are ideal for international businesses.
7. the business roles and responsibilities oversees daily operational and administrative functions.
8. a business roles and responsibilities votes on the management of a company.
9. business compensation structures employees are paid a fixed amount each pay period.
10. businesses can compensate employees for work they produce when being paid by business compensation structures
11. business compensation structures in addition to a lower salary.
12. during the business life cycle stages stage of the business life cycle, a company is regularly taking on new customers and starting to generate a consistent income.
13. the owner may decide to sell their ownership in the company during the business life cycle stages

Explanation:

1. Profit is a key goal for small - business owners.
2. Risks are taken by entrepreneurs.
3. Tangible items are physical products.
4. Consumer makes B2C transactions.
5. Corporations have limited liability.
6. Corporations are good for int'l business.
7. Manager oversees daily ops.
8. Shareholder votes on management.
9. Salaried employees get fixed pay.
10. Commission compensates for work.
11. Bonuses can supplement lower salary.
12. Growth stage has new customers and income.

Answer:

1. profit
2. risks
3. physical
4. consumer
5. Corporations
6. Corporations
7. manager
8. shareholder
9. Salaried
10. commission
11. Bonuses
12. growth