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ag business unit 2

TermDefinition
Budget a statement of projected income and expenses for a business enterprise, individual, or organization
Business Plan a written statement of the goals of a business and the ways and means of achieving them
Capital resources, particularly financial resources; accumulated money and property that have value
Debt a liability of a business or an individual that is to be paid sometime in the future
E-Commerce doing business over the Internet
Fixed Costs costs of a business enterprise that do not vary according to levels of production
Insurance the transfer of risk in exchange for payment of a fee
Permit a certificate or other written authorization obtained from an agency with the authority to issue such that approves an action
Profit an amount of money that remains after all costs of doing business have been paid
Risk the chance for incurring a loss
Variable Costs costs of a business enterprise that vary according to level of production
Created by: csmith7393
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