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MBA
Research master dictionary
| Term | Definition |
|---|---|
| Angel investor: | Someone who providesstartup money to a new business |
| Asset: | Anything of value that a business or individual owns |
| Bond: | A piece of paper (wheter real or virtual) that says a governing body or corporation will borrow an investor's 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 arrangamet by which business 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 businessor individuals owe to others |
| Equity: | Assets minus liabilities; also know also as stockholders' ( or shareholders') equity, book value, and net worth |
| Executives: | Top-level employes |
| 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 busisness |
| Financing: | Funding a business activity or project through dedt, equity, or venture capital |
| For-profit business: | A business whose overall purpose is to earn a profit |
| Goal: | An objetive or want that you plan to fulfill |
| Human resources: | People who work to pruduce 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 a individual for a specific time period that is repayable with interest |
| Manager: | An individual whose job involves olanning, organizing staffing, directing, and controlling for a busines |
| Manufactoring: | Changing the shapes or forms of meterials so that they will be useful to consumers |
| Mrketing: | The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large |
| Merger: | Two individual business that combine to form one organization |
| Mission: | A brief summary of what a business owner wants a business to be doing |
| Nonprofit business: | A business or organization whose intent is to make enough money to support its mission |
| Offshoring: | Producing goods in foreing countries |
| Operations: | The day-to-day activities required for continued business functioning |
| Orientations: | Job preparation or induction training in which new employes are acquainted 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 organizations/consultans to perform primary business activities |
| Overhead: | Business expenses for things uch as payroll, rent, and utilities |
| Production: | The process or activity of producing goods and services |
| Profit: | Monetary reward a business owner receives for taking the risk involved in investing in a business |
| Purchasing: | The process of acquiring the goods and services necessary to keep production goin and to accomplish business goals |
| Quality control: | Ensuring the degree of excellence of a good or service |
| Recruiting: | Seeking out and attracting qualified potential 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 measures up in relation to other businesses in the industry; can involve the imaje or impression of a business or organization |
| Strategies: | 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: | Scientific applications to business objectivies or the methods used to attain those objectives |
| Venture capital: | Invested money used for new business opportunities |
| Virtual services: | Services provied through a medium of communication (such as the internet), rather tha in person |
| Vision: | A summary of what a business owner wants a business to become |
Created by:
fernando.g754
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