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301 glossary

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
Created by: amare.m128
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