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 blank. entrepreneurship and small business
2. entrepreneurs are willing to take on new opportunities and unknown blank to grow their businesses rapidly. entrepreneurship and small business
3. tangible items that require pick - up or delivery are blank products. classify types of businesses
4. when a blank purchases an item from a business, it is a business - to - consumer transaction. classify types of businesses
5. blank are for - profit corporations with limited liability. business legal structures
6. blank are ideal for international businesses. business legal structures
7. the blank oversees daily operational and administrative functions. business roles and responsibilities
8. a blank votes on the management of a company. business roles and responsibilities
9. blank employees are paid a fixed amount each pay period. business compensation structures
10. businesses can compensate employees for work they produce when being paid by blank. business compensation structures
11. blank in addition to a lower salary. business compensation structures
12. during the blank stage of the business life cycle, a company is regularly taking on new customers and starting to generate a consistent income. business life cycle stages
13. the owner may decide to sell their ownership in the company during the blank stage. business life cycle stages
14. the five elements of the design thinking process are: empathize, define, ideate, blank, and test. the design thinking process
15. blank allows one to see and experience a customers perspective. the design thinking process
16. the design team creates multiple inexpensive versions of a product, known as blank. the design thinking process

Explanation:

1. The main goal of a small - business owner is to make profit.
2. Entrepreneurs take on new opportunities and risks to grow their businesses.
3. Tangible items needing pick - up or delivery are physical products.
4. When a consumer buys from a business, it's a B2C transaction.
5. S - corporations are for - profit with limited liability.
6. C - corporations are good for international businesses.
7. The general manager oversees daily operations.
8. A shareholder votes on company management.
9. Salaried employees get a fixed amount per pay period.
10. Businesses can pay employees by piecework for work produced.
11. Bonuses can be given in addition to a lower salary.
12. In the growth stage, a company gains new customers and consistent income.
13. An owner may sell during the decline or exit stage.
14. The five elements of design thinking are empathize, define, ideate, prototype, and test.
15. Empathizing allows seeing a customer's perspective.
16. The design team creates inexpensive product versions called prototypes.

Answer:

1. profit
2. risks
3. physical
4. consumer
5. S - corporations
6. C - corporations
7. general manager
8. shareholder
9. Salaried
10. piecework
11. Bonuses
12. growth
13. decline/exit
14. prototype
15. Empathizing
16. prototypes