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301 Key Term
Business Activities
Term | Definition |
---|---|
Angel Investor | someone who provides startup money to a new business |
Assest | 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 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 others |
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 project 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 Resource Management | the process of planning, staffing, leading, and organizing the employees of the 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, facts, 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 perform |
Loan | a sum of money lent to a business or an individual for a specific time period that is repayable with interest |
Manager | an individual whose job involves planning, organizing, staffing, directing, and controlling for a business |
Manufacturing | charging the shapes or forms of materials so that they will be useful to consumers |
Marketing | the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large |
Merger | two individual businesses that combine to form one organization |
Mission | a brief summary of what a business owner wants a business to be doing |