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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 |