Overview Flashcards

1
Q

Entrepreneurship

A

The activity of setting up a business or businesses, taking on financial risks in hopes of profit

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2
Q

Owner

A

Is earned by sole proprietors and entrepreneurs who have total owner of a business
-may be the CEO

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3
Q

CEO

A

Chief executive officer, highest ranking executive in a company whose primary responsibilities includes making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors

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4
Q

CFO

A

Chief financial officer, a senior executive with responsibility for the financial affairs of a corporation or other institution
-highest ranked financial position in a company

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5
Q

COO

A

Chief Operations/Operating Officer, second-in-command, especially if the highest ranking executive is the chairperson and CEO
-tasked with overseeing the day-to-day administrative and operational functions of a business

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