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301 Key Term

Business Activities

QuestionAnswer
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 (whether 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 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 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 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 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 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 accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data
Job description The official statement of job duties an employee must preform
Loan A sum of money lent to a business or an individual for a specific time period that is repayable with interest
Created by: Jalicia.h588
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