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A202 Key Terms 301
Business Essentials
| Term | Definition |
|---|---|
| angel investor | someone who provides startup money to a new business |
| asset | anything of value that a business or individual owns |
| bond | a piece of paper ( either or real or virtual ) that says a governing body or corporation will borrow an investors money at a particular interest rate for a particular amount of time |
| business | an organized effort to produce and/or distribute goods or services |
| credit | the arrangement by which businesses and individuals can purchase now and pay later |
| credit rating | the score assigned to a borrower based on previous loans |
| database | a virtual storage unit for information |
| debt | money businesses or individuals owe to each other |
| equity | assets minus liabilities; also known as stockholders' (or shareholders) equity, book value, and net worth |
| executives | top-level employees |
| expenses | the money that a business spends |
| financial analysis | the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources |
| financial records | documents containing information related to the amount of money going into and out of a business |
| financing | funding a business activity or projects through debt, equity, or venture capital |
| for-profit business | a business whose overall purpose is to earn a profit |
| goal | an objective or want that you plan to fulfill |
| human resources | people who work to produce goods and services |
| human resources management | the process of planning, staffing, leading, and organizing the employees of a business |
| income | the money received by resource owners and producers for supplying goods and services to consumers |
| information management | the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, fact, or data |
| interest | the reward or cost of lending or borrowing money, usually figured as a percentage of the amount |
| inventory management | the process of supervising and controlling the number of finished products a company has in stock |
| job description | the official statement of job duties an employee must preform |
Created by:
alexander.s132
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