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BE 3.01
EC-071
| Term | Definition |
|---|---|
| Angel investor | someone who providess 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 innvetor's money at a particular intrest rate for a particular period of time |
| Business | An organized effort to produce and/or distribute ggods and services |
| Credit | The arrangment by which businesses and inndividuals can purchase now and paylater |
| 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, maintaing, monitoring, controlling, and reporting the use of financial resources |
| Financial records | Documents containing information related to the amount of money gooing into and out of a business |
| Financing | Funding a business activity or progect 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 mangment | The process of planning, staffing, leading, and organizing the employees of the business |
| Income | The money recived by resource owners and by producers for supplying goods and services to cconsumers |
| Information managment | The process of accessing, processing, maintaning, evaluating, and disseminanting business knowledge, facts, or data |
| Intrest | The reward or cost of lending or borrowing money, usally figured as a percentage pf the amount |
| Inventory managment | The procees of supervising and controlling the number of finished products a company has in stock |
| Job description | The offical statment of job duties an employee must perform |
| Loan | A sum of money lent to a business or an individual for a pecific time period that is peayable with intrest |
| Manager | Individual whose job involves planning, organization, staffing, directing and controlling for a business |
| Manufacturing | Changinthe shapes or forms of materials so that they eill be useful to consumers |
| Marketing | The process of creating, communicating, delivering , and exchanging offerings htat have value for customers, clients, partners, and society at largeMerger tow individual business that combine to form one organization |
| Mission | A brief summary of what a business owner wants a busines to be doing |
| Nonprofit business | Business or organization whose intent is to make enough money to its missions |
| Offshoing | producing goods in foreign contries |
| Operations | the day- to- day activites requiired for continued business functioning |
| Orientation | Job preperation or iduction trainig in which new employees are acquainted with their surroundings, receive general information about the company and its policies, and are given specific information about ther jobs |
| Outsourcing | acquiring assistance from outside organizations/ consultants t preform primary business activites |
| Overhead | Business expenses for things such as payroll, rent, and utilities |
| Productiion | the process or activity of producing goods and servies |
| Profit | Monetary reward a business owner receives for taking the risk incolved in investigating in a business |
| Purchasing | The process of aquiring the goods and services necessary to keep production going and to accomplish business goals |
| Quality control | Ensuring the degree of excellence of a good or services |
| Recruiting | Seeking out and attracting qualified potentil 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, and organizing an organization or department |
| Strategic position | How a business messures up in relatio to toher businesses in the industry; can involve the image or impression of a business or organization |
| Stratagies | Plans of action for achieving goals and objectives |
| Supervisor | An employee who oversees other employees |
| Tactics | Specific actions that will be used to carry out strategies Technology |
| Technology | Scientific applications to business objectives or methods used to attain those objectives |
| Venture capital | Invested money used for new business opportunities |
| Virtual services | Services provided through a medium of communications (such as the Iternet), rather than in person |
| Visions | A summary of what a business owner wants a business to become. |
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trinity.l382
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