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3.01
301 glossary
| Term | Definition |
|---|---|
| Angel investor | someone who provides startup money to a new bsuiness |
| Asset | anything of value that a business or individual owns |
| Bond | A piece of paper that says a governing body or corporation will borrow an investors money at a particular interest rate for a particular period of time |
| Business | An organization effort to produce and services |
| Credit | the arrangement by which business 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 ofr information |
| debt | money businesses or individuals owe to each other |
| equity | Assests minus liabilities also known stockholders equity book value and networth |
| executives | top level employees |
| Expenses | The money that a business spends |
| Financial analysis | The process of planning maintaining monorting controlling and reporting the use of financial resources |
| Financail 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 profit |
| Goal | An objective or want that you plan to fufill |
| Human resources | Peopke who work to produce goods and services |
| Human resource managment | The process of planning staffing leading and organizing the employees of the business |
| Income | The money recevied 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 factor data |
| Interest | the reward or cost of lending or borrowing money usually figured as a percentage of the amount |
| inventory managment | the process of supervising and controlling the number finished products in stock |
| job description | the official statement of job dutuies and employee must perform |
| loan | A sum of money lent to a business or and individual for a specific time period that is repayable with interest |
| Manager | An individual whose job involes planning organizing directing and controlling for a business |
| Manufacturing | changing the shape or form of material so that they will be useful to consumers |
| Marketing | the process of creating communication delivering and exchanging offering that have value for customers clients partners |
| Merger | 2 individuals business that combine owner wants a business to be doing |
| Mission | A brief summary of what owner wants an business to be doing |
| Non profit business | A business or organization whose intent is to make enough money to support its mission |
| Offshoring | Producing goods in foreign countries |
| Operations | The day to day activates required for continued business functioning |
| Orientation | Job perpetration or induction training in which new employees are acquainted with their surrounding receive |
| Outsourcing | Acquiring assistance from outside organizations to perform primary business activities |
| Overhead | Business expenses for things such as payroll rent and utilities |
| Productions | The process or activity of producing goods and services |
| Profit | Monetary reward a business owner revives for taking the risk involved in inventing in a business |
| Purchasing | The proess of acquiring the goods and services necessary to keep production going and to accomplish business goals |
| Quality control | Ensuring the degree of excellence of a good or services |
| Recruiting | Seeking out and attracting qualified potential employees |
| Resources | Any item that is used to accomplish another activity such as producing goods and services |
| Revenues | sales or gross income |
| Strategic management | The process of planning controlling and organizing and organization or department |
| Strategic position | How a business measures up in relation to other business in the industry can involve the image or impression of a business objectives |
| Strategies | Plans of action of achieving goals and objectives |
| Supervisor | An employee who oversees other employees |
| Tactics | Specific actions that will be used to carry out strategies |
| Technology |
Created by:
amare.m128
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