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An __________is someone who organizes, manages, and assumes the risks of a business or enterprise. ______________is the process of discovering new ways of combining resources.

  1. An __________is someone who organizes, manages, and assumes the risks of a business or enterprise. ______________is the process of discovering new ways of combining resources. When the market value generated by this new combination of resources is greater than the market value these resources can generate a profit.

Select the two words that completes the sentences.

  • Innovator
  • Ideation
  • Chief Executive Officer
  • Entrepreneurship

  • Entrepreneur
  • Innovation
  • Entrepreneur
  • Entrepreneurship

  1. _____________________, who as an undergraduate at Harvard developed BASIC for the first microcomputer, went on to help found Microsoft in 1975. During the 1980s, IBM contracted with the person to provide the operating system for its computers, a system now known as MS-DOS.

Bill Joy

Bill Gates

Ada Lovelace

Grace Hopper

  1. This provides information on what the company owns (its assets), what it owes (its liabilities) and the value of the business to its stockholders (the shareholders' equity) as of a specific date. A company has to pay for all the things it has (assets) by either borrowing money (liabilities) or getting it from shareholders (shareholders' equity).

Asset Allocation

Rebalancing

Balance Sheet

Debt

  1. When youre investing or saving, this is what you earn on the amount you deposit, plus any accumulation over time. When youre borrowing, its the interest that is charged on the original amount you are loaned, as well as the interest charges that are added to your outstanding balance over time.

Simple Interest

Interest Rate Swap

Compound Interest

Escrow

  1. If you have a mortgage with a set rate for the first five years and then the rate changes your monthly mortgage payment may start out low, but then rise (sometimes significantly). What is this called?

Fixed Rate Mortgage

Adjusted Rate Mortgage

Variable Rate Mortgage

TERM

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