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| Question | Answer |
|---|---|
| someone who provides startup money to a new business | angel investor |
| anything of value that a business or individual own | asset |
| a piece of paper (whether real or virtual) that says a governing body or corporation will borrow and investor's money at a particular interest rate for a particular period of time | bond |
| an organized effort to produce and/or distribute goods and services | business |
| the arrangement by which business and individuals can purchase now and pay later | credit |
| the score assigned to a borrower based on previous loans | credit rating |
| a virtual storage unit for information | database |
| money businesses for individuals owe to other | debt |
| assets minus liabilities; also known as stockholder (or shareholders) | equity |
| Top-level employees | executives |
| the money that a business spends | expenses |
| the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources | financial analysis |
| documents containing information related to the amount of money going into and out of a business | financial records |
| funding a business activity or project through debt, equity, or venture capital | financing |
| a business whose overall purpose is to earn a profit | for-profit business |
| an objective or want that you plan to fulfill | goal |
| people who work to produce goods and services | human resources |
| the process of planning, staffing, leading, and organizing the employees of the business | human resources management |
| the money received by resource owners and by producers for supplying goods and services to consumers | income |
| the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data | information management |
| the reward or cost of lending or borrowing money, usually figured as a percentage of the amount | interest |
| the process of supervising and controlling the number of finished products a company has in stock | inventory management |
| the official statement of job duties an employee must perform | job description |
| a sum of money lent to a business or an individual for a specific time period that is repayable with interest | loan |
| individual whose job involves planning, organizing, staffing, directing, and controlling for a business | manager |
| changing the shapes of forms of materials so that they will be useful to consumers | manufacturing |
| the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large | marketing |
| two individual businesses that combine to form one organization | merger |
| a brief summary of what a business owner wants a business to be doing | mission |
| business or organization whose intent is to make enough money to support its mission | nonprofit business |
| producing goods in foreign countries | offshoring |
| the day-to-day activities required for continued business functioning | operations |
| job preparation or induction training in which new employees are acquainted with their surroundings, receive general information about the company and its policies, and are given specific information about their jobs | orientation |
| acquiring assistance from outside organizations/consultants to perform primary business activities | outsourcing |
| business expenses for things such as payroll, rent, and utilities | overhead |
| the process or activity of producing goods and services | production |
| monetary reward a business owner receives for taking the risk involved in investing in a business | profit |
| the process of aquiring the goods and services necessary to keep production going and to accomplish business goals | purchasing |
| ensuring the degree of excellence of a good or service | quality control |
| seeking out and attracting qualified potential employees | recruiting |
| any item that is used to accomplish another activity, such as producing/providing goods and services | resource |
| sales or gross income | revenues |
| the process of planning, controlling, and organizing and organization or department | strategic management |
| how a business measures up in relation to other businesses in the industry; can involve the image or impression of a business or organization | strategic position |
| plans of action for achieving goals and objectives | strategies |
| an employee who oversees other employees | supervisor |
| specific actions that will be used to carry out strategies | tactics |
| scientific applications to business objectives or the methods used to attain those objectives | technology |
| invested money used for new business opportunities | venture capital |
| services provided through a medium of communication (such as the internet), rather than in person | virtual services |
| a summary of what a business owner wants a business to become | vision |
Created by:
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