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301 key terms
Business Activities
| 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 (whether real or virtual) that says a governing body or corporation will borrow an investor’s money at a particular interest rate for a particular period of time |
| business | An organized effort to produce and/or distribute goods and services |
| credit | The arrangement by which businesses or 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 others |
| equity | Assets minus liabilities; also known as stockholders’ (or shareholders’) equity, book value, and net worth |
| executives | Top-level employees |
| expenses | The monies that a business spends; also called expenditures |
| financial analysis | The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources |
| financial records | A document containing information related to the overall income and expenses of a business |
| financing | A marketing function that determines the need for and availability of financial resources to aid in marketing activities |