Everfi Venture Lesson 1 Answers (2024)

FAQs

What is entrepreneurship everfi answers? ›

An entrepreneur is someone who creates, owns, and potentially runs a business. an entrepreneur's salary is evaluated based on his ability to complete tasks assigned to him.

Variable Expense. An expense that is different from month to month. Fixed Expense. An expense that typically does not change month to month.

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

Startup capital refers to the money invested in supplies, marketing, legal services, and other expenses necessary to start a business. The correct answer is that startup capital is the money you invest in the form of supplies, marketing, legal services, and other investments to get your business up and running.

An entrepreneur is someone who starts or owns a business. Whether it's in farming, retail, manufacturing or in the service sector, entrepreneurs are businesspeople who find their success by taking risks.

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.

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

What is medicare. Medicare is federal health insurance for people older than 65.

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

What do taxes pay for everfi? ›

Taxes pay for schools and government departments.

net pay. take home pay; the amount of a paycheck after all taxes and deductions have been taken out of your paycheck.

Venture capital, sometimes abbreviated as VC, is a form of startup financing and a type of private equity that allows a startup business to offer a large share of their company to an investor or a few investors in exchange for funding or other benefits, like mentorship or talent.

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.

To estimate start-up capital, you should define your business model and value proposition, conduct a market and competitive analysis, create a sales forecast and COGS forecast, calculate fixed and variable expenses, project your cash flow and income statement, and adjust your estimates and assumptions.

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

entrepreneurship. the process of recognizing or creating an opprotunity, testing it in the market, and gathering the resources necessary to go into business. economics. the study of how people choose to allocate scarce resources to fulfill their unlimited wants.

An entrepreneur is an individual who starts and runs a business with limited resources. This individual is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Answer and Explanation: The correct option is option d). Entrepreneurship is a process involving innovation, new products or services, and value creation.