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obj.301
| Term | Definition |
|---|---|
| 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 that says a governing body or cooperation will borrow an investors money at a particular interest rate for a particular period of time |
| business | and organized effort to produce and/or distribute goods and services |
| credit | the arrangement by which businesses 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 stock holders or share holders equity book value and net worth |
| executives | top level employees |
| expenses | the money that a business spends |
| 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 profit |
| goal | an objective or want that you plan to fulfill |
| human resource management | the process of planning staffing leading and organizing employees of the business |
| income | the money received by resource owners and producers for supplying goods and services for consumers |
| information management | the process of assessing, 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 ana employee must perform |
| loan | a sum of money lent to a business or a individual for a specific time period that is repayable with interest |
| manager | individual who's 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 for customers |
| 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 |
| nonprofit business | business or organization who's intent is to make enough money to support its mission |
| offshoring | producing goods in foreign countries |
| operations | the day to day activities required for continued business functioning |
| orientation | job preparation or induction training in which new employees are acquainted with their receiving's receive general information about the company and its policies and are given specific information about their jobs |
| outsourcing | acquiring assistance from outside organizations/CONSULANTS TO PERFORM PRIMARY BUISNESS ACTIVITES |
| 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 accomplish business goals |
| quality control | ensuring the degree of excellence of a good or service |
| recruiting | seeking out and attracting potential qualified employees |
| resource | 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 an organizing an 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 actions 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 |
| viral services | services provided though 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 |
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