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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 an investor'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 sore 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 | A 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 leading or borrowing mo |
| 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 investor'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 sore 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 | A 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 leading or borrowing mo |
| 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 investor'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 sore 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 | A 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 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 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 | 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 |
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