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A202 Key Terms 301

Business Essentials

TermDefinition
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 ( either or real or virtual ) that says a governing body or corporation will borrow an investors money at a particular interest rate for a particular amount of time
business an organized effort to produce and/or distribute goods or 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 each other
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 projects 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 a business
income the money received by resource owners and producers for supplying goods and services to consumers
information management the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, fact, 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 preform
Created by: alexander.s132
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