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3.01 vocabulary
Business Activities
| Term | Definition |
|---|---|
| Goals | Objective that business will achieve |
| Business for porfit | Operates to make money |
| Financial analysis | The proccesof planning , maintaining, monitoring, controlling, and reporting the use of financialresources |
| Business | A business that operates for profit |
| Resources | Information effectively |
| Business activities | Actions taken by business to generate profits or to reach financial goals |
| Profits | The amount earned and the amount spent in buying, opersting, or producing something |
| Production | The action of making or manufacturing from components or raw matyerials, or the process of being so manufactured |
| For profit | Denoting an organization that operates to make profit, especially one that would more typically be nonprofit |
| Nonprofit | Not making or conducted primarily to make a profit |
| Overhead | The ongoing costs to operate a business but excludes th direct costs associated with crating a product or service |
| Financing | The process of proiding funds for business activites, making purchase, or investing |
| Angel investors | A wealthy person who invests his or her own money in a company usally a start up that is in the early stages of development |
| Debt | The entire stock of direct goverment fixed term contractual obligations to others outstanding on a particular date |
| Bonds | A debt decurity, similar to an IOU |
| Loans | An agreement where you are credited with a fixed amount of money for a fixed period of time, usally with interest |
| Interest | The price you pay to borrow money or the cost you charge to lend money |
| Equilty | what the business owns or controls minus debt |
| Assets | Anything that has current or future economic value to a business |
| Accounting | keeping accurate and useful financial records |
| Financial records | Document that provide evidence of or summarize business transaction |
| Expenses | A cost that busiesses incur in running their operations |
| Income | The amount of money, property, and other transfers of value received over a set period of time in exchange for services or product |
| Human resources management | The process of planninng, staffing, leading, and organizing employees |
| Human resources | |
| Supervisors | The manager at the first level of management |
| Managers | A person who is responsible for a part of a company |
| Executives | A person responsible for running an organization |
| Recruiting | A process of bringing together prospective employees and employer with a view to stimulate the prospective employees to offer their services in the working organization |
| Orienting |
Created by:
Fredy.m585
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