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301 Key Term

Business Activities

TermDefinition
Angel investor Someone who provides start up 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 of 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 score assigned to a borrower base 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 An objective or want that you plan to fulfil.
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 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 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 perform.
Loan A sum of money lent to a business or an individual for a specific time period that is repayable with interest.
Manager An 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.
Marketing The process of creating, communicating, delivering, and exchanging offerings that has value for costumers, clients,partners, and society at large.
Created by: mlya.t964
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