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Entrepreneur vocab
Vocabulary about entrepreneurship and business ownership
Term | Definition |
---|---|
Board of directors | A group of people who are chosen to govern the affairs of a cooperation or large institution. |
Business Plan | A formal statement of a set of business goals. |
Charter | A written grant by a country’s legislature by which a company, institution, etc. is created and its rights and privileges are defined |
Corporation | The process of working together to the same end. |
Dividends | A sum of money paid regularly by a company to its shareholders out of its profits. |
Entrepreneur | Someone who recognizes a business opportunity and organizes, manages, and assumes the risks of starting a business. |
Financing | Providing funding for a personal enterprise. |