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BE 301
Business Essential
| 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 (whether real or virtual) that says a governing body or corporation will borrow 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 resources management | The process of planning, staffing, leading, and organizing the employees of the business. |
| Income | The money received by resource owners and by 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 | Changing 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 |
Created by:
Eli_davis
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