ITB Test #1

Dot com company

A business run entirely on the Internet. Typically, their website ends in “.com”

Employee

Person who works in a business owned by someone else

Entrepreneur

Someone who creates and runs their own business

Serial entrepreneur

People who take what they learn starting a business to start many more

Attitude

Way of viewing or thinking about something that affects how you feel about it

Characteristic

Describes a quality or behavior of a person; can include determination, honesty, and patience

Mentor

Person who provides free guidance, tutoring, and suggestions for achieving your goal

Professionalism

The ability to show respect to everyone around you while you perform your responsibilities as best as you can

Self-Assessment

Evaluating your strengths and weaknesses

Skill

Ability that’s learned through training and practice

Apprenticeship

Job experience in which a technical or trade skill is taught

Career Cluster

A classification of specific jobs and industries into similar categories

Internship

Work program that provides practical, on-the-job training in a business setting

Vision

“Picture” of what you want the future to be

Carbon footprint

Amount of carbon you use and thus release into the atmosphere

Carbon offset

Practice of “buying” a certain amount of carbon to help offset your carbon footprint

Cause-Related Marketing

Partnership between a business and a nonprofit group for the benefit of both

Ethical Sourcing

Buying from suppliers who provide safe working conditions and respect workers’ rights

Green company

Company that adopts business practices aimed at protecting or improving the environment

Greenwashing

Trying to appear environmentally responsible by overstating one’s commitment

Nonprofit Organization

Organization that operates solely to serve the good of society

Intrapreneurship

Practice of giving employees opportunities to be creative and try out new ideas within a company

Philanthropy

Donating money and other resources for a socially beneficial cause

Sponsorship

Sponsorship a community event or service in exchange for advertising

Sustainability

Economic development that does not harm society or the environment

Transparency

Openness and accountability in business decisions and actions

Business Ethics

Moral principles applied to business issues and actions

Business Plan

Statement of your business goals and details on how you are going to achieve them

Conflict of Interest

Personal considerations and professional obligations that interfere with each other

Copyright

Exclusive right to perform, display, copy, or distribute an artistic work

Fair Use

Allow use of a copyrighted work without permission or payment

Infringement

Violating the rights provided by a copyright or patent

Intellectual Property

Artistic and industrial creations of the mind

Patent

Exclusive right to make, use, or sell a device or process

Public Domain

Status of creative works for which the copyright or patent has expired

Trademark

Symbol that indicates that the use of a brand or brand name is legally protected and cannot be used by other businesses