Everfi Venture Lesson 1 Answers (2024)

FAQs

What is an entrepreneur everfi quizlet? ›

entrepreneur. An entrepreneur is someone who creates, owns, and potentially runs a business.

What is take home pay? The amount left over from your monthly paycheck after deductions.

Take home pay is the amount left over from your monthly paycheck after deductions.

What is one way to begin saving startup capital? Set aside a portion of your income each month.

Key Takeaways

A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.

What does the W-2 form tell you? How much you've earned and how much taxes you've paid in the last year.

Get Ahead of It

Your W-2 form shows how much you earned which is known as your compensation, including wages and tips for the year. The document also details what you have paid in taxes throughout the year — both federal and state.

Answer and Explanation:

Option "a. they will always make a profit" is not true for entrepreneurs. It is incorrect to say that they are always profitable. Sometimes or most of the time, they encounter loss.

Venture Payment(s) means individually, any payment or other sum, and collectively, all payments or other sums, paid or payable to Borrower arising out of a Reimbursem*nt and Payment Right.

How is venture capital taxed? ›

Venture capital funds are usually structured as limited partnerships, which are pass-through tax entities. This means that the tax payment burden falls on the general partners (GP) and limited partners (LP) of the VC fund, and not on the fund itself.

Needs are things that people require to survive. Food, water, clothing, and shelter are all needs. If a human body does not have those things, the body cannot function and will die. Wants are things that a person would like to have but are not needed for survival.

Venture capital (VC) is generally used to support startups and other businesses with the potential for substantial and rapid growth. VC firms raise money from limited partners (LPs) to invest in promising startups or even larger venture funds.

Startup capital is what entrepreneurs use to pay for any or all of the required expenses involved in creating a new business. This includes paying for the initial hires, obtaining office space, permits, licenses, inventory, research and market testing, product manufacturing, marketing, or any other operational expense.

Entrepreneurs create the businesses that produce products and services that meet the wants and needs of consumers. Entrepreneurs borrow money from the economy to start their businesses.

entrepreneur. an individual who undertakes the creation, organization, and ownership of an innovative business with the potential for growth.

A person who starts a new business and assumes all the risks and rewards of running it.

An entrepreneur is an independent person who starts his venture and bears full risk of his failure and enjoys the fruit of his success whereas intrapreneur is partially independent and is sponsored by the corporation in which he is working. He is also not liable to bear the losses in case of his failure.