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Business
Business Communication Vocab words.
| Term | Definition |
|---|---|
| CEO | Chief Executive Officer: Acronym for the person that is responsible and accountable for the whole function of a company. Sometimes called a president, director, and other terms. Usually reports directly to the companies of board directors. |
| Copyright | The legal protections enacted by governments giving original work creators exclusive rights to their work. |
| Bailout | Action to prevent business failure, usually financial in nature. |
| Commission | The fee paid for result of some sort. |
| Contract | an agreement between two or more parties to perform a service, provide a product or commit to an act and is enforceable by law. |
| Entrepreneur | Self-Motivated individual that forms, runs, and takes all the risk of starting a business. |
| Equity | Your own owned portion of a value of an asset (financial). |
| Human Resources (HR) | The department most known at least as HR. They are in charge of the personnel and usually the whole process of hiring. |
| Patent | The right given to an inventor allowing them to control the use of their invention. |
| Outsourcing | Subcontracting work outside the company, often for things that don't need full time in-house staffing. |
| Merger | Joining 2 companies into one. |
| Line Of Credit | a financial instrument typically used for an organization's short-term working capital needs, such as inventory purchases, future project costs, or company payroll. |
| Invoice | The itemized bill for services rendered or products ordered. |
| Trademark | a symbol, word, or words legally registered or established by use as representing a company or product. |
| Stakeholder | Anyone that has a stake in any aspect of business. |
| Proposal | The solution offered by a seller to a buyer, with at least some detail. It can be simple and to the point as well. |
Created by:
TheHarleyFlash
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