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301 key term
Business activities
| Question | Answer |
|---|---|
| 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 inventor'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 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' equity book value and net worth |
| Executive | 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 | Am objective or want that you plan to fulfill |
| Human resources | People who work to produce goods and services |
| Human resources management | The process of planning staffing leading and organizing the employees of the business |
| Income | The money received by resources owners and producers for supplying goods and services to consumers |
| Information management | The process of accessing processing maintaining evaluating and dissemination business knowledge facts or data |
| Interest | The reward or cost of leading or borrowing money usually figured as a percentage of the amount |
| Inventory management | The process of supervising and controlling the number of finished products and company has in stock |
| Job description | The official statement of job duties and 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 |
| Management | An individual whose job involves planning organizing staffing directing and controlling for a business |
| Manufacturing | Changing the shapes or forms of materials so that they will be useful to consumers |
| Marketing | The process of creating communicating delivering and exchanging offering that have value for consumers clients partners and society at large |
| Merger | Two individuals business that combine to form one organization |
| Mission | A brief summary of what a business owner wants a business to be doing |
| Nonprofit business | A business or organization whose intent is to make enough money to support its mission |
| Offshoring | Producing goods in foreign countries |
| Operation | The day to day activities required for continued business fuctioning |
| Orientation | Job preparation or induction training in which new employees are acquainted with their surrounding received general information about the company and its policies are giving specific information about their jobs |
| Outsourcing | Acquiring assistance form outside organization consultants to perform primary business activities |
| Overhead | Business expenses for things such as payroll rent and utilities |
| Production | The process or activity of producing goods and services |
| Profit | Monetary reward a business owner receives for taking the risk involved in investing in a business |
| Purchasing | The process 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 employee |
| Resources | Any item that is used to accomplish another activity such as producing providing goods and services |
| Revenues | Sales or gross income |
| Strategic management | The process of planning controlling and organizing on organization or department |
| Strategic position | How a business measures up in relation to other businesses in the industry can involve the image or impression of a business or organization |
| Strategies | Plans of action for achieving goals and objectives |
| Supervisor | An employee who oversees other employees |
| Tactics | Specific actions that will be used to carry out strategies |
| Technology | Scientific applications to business objectives or the methods used to attain those objectives |
| Venture capital | Invested money used for new business opportunities |
| Virtual services | Services provided through a medium of communication(such as the internet) rather than in person |
| Vision | A summary of what a business owner wants a business to become |
Created by:
jose.b629
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