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Business actvites
| Question | Answer |
|---|---|
| Angel investor | someones who provides startup money to new business |
| asset | anything of value that a business or indivdual owns |
| bond | a poiece of paper whether real or vieual that says a governing body or corporation will borrow an investor money at a partucular interest rate for a particlar period of time |
| business | an organized effort to produce and or distribute goods and servies |
| credit | the arrangement by which businesses and individuals can purchase now and play later |
| credit rating | the score assigned to a borrower based on previous loans |
| Database | a virtual storage unit for Information |
| Debt | money businesses or indivduals owe to others |
| Equity | Assets minus liabilities also known as stocholder 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 ues of financial resources |
| financial records | documents containing information related to thevamoutbof money going into and out of a business |
| financing | funding a business activity or project through debt eqity 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 resource | people who work to pruduce goods and sevices |
| human resources management | the process of planning staffing leading and organizing the employees of the business |
| Imcome | the money received by resourc owners and proudcers for supplying good 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 lending or borrowing money usually figured as a percentage of the amounyt |
| Inventory management | the process of supervising and controlling the number of finished products a company has in stock |
| job description | the official staement 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 interst |
| Manager | an indivdual whose job involes planning organizing staffing directing and controlling for a business |
| manufacturing | changing the shapes or frroms of materials so that they will be useful to consumers |
| marketing | the process of creting communicating delivering and exchanging offerings that have value for customers clints partners and society at large |
| Merger | two individual businesses that combine to from one organiztion |
| mission | a brief summary of what a business owner wants a business to be doing |
| nonprofit business | a business of organization whose intent is to make enough money to support its mission |
| offshoring | producing goods in foregin countries |
| operations | the day to day activites required for continued business functioning |
| orientation | job preparation or induction training in which new employees are acquained with their surroundings receive general information about the company and its policies and are given specific information about their jobs |
| outsourcing | acquiring assistance from outside organiztios consultants to perform primary business activites |
| overhead | business expenses for things such as payroll rent and services nescessary to keep production going and to accomlish business goals |
| production | the process or activity of producing goods and sevices |
| profit | monetary reward a business owner receives for taking the risk involed in investing in a business |
| purchasing | the process of acquiring the goods and servies necessary to keep production going and to accomplish business goals |
| Quality control | ensuring the degree of excellence of a goods or service |
| recruiting | seeking out and attracting qualified potential employees |
| resource | any item that is used to accomplish another activity such as producing providing good or service |
| revenues | sales or gross income |
| strategic management | the process of planning controlling and organizing an organization or department |
| strategic position | how a business measures up in relation to other businesses in the industy can invlove the image or impression of a business otr organiztion |
| strategies | plans of action for achieving goals and abjectives |
| supervisor | an employee who oversees other employees |
| tactics | specific actions that will be used to carry out strategies |
| thchnology | scientific app;ications to business objectives or the methods used to attain those objectives |
| venture capital | invested money used for new business opporunities |
| virtual services | services provided through a medium of communicatiom such as the internet rather than n person |
| vision | a summary of what a businesss owner wants a business to become |
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