Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Small Biz unit 4.

Vocab 4

QuestionAnswer
Assets Items of value owned by the business.
Contingency fund Cash that is set aside for unexpected needs of the business.
Continuing costs The ongoing expenses resulting from the operation of the business.
Credit unions Cooperatives formed by labor unions or employees for the benefit of the members.
Credit-worthy Willing and able to repay a debt.
Debt sources Sources of funding that require the money borrowed to be paid back with interest.
Equity sources Capital sources that trade cash for some portion of ownership in the business; sometimes called risk capital because the investor puts his/her money at risk.
Expenses The cost of doing business; all business expenses except the cost of goods sold.
Fixed costs Expenses that remain the same for a period of time; must be paid regardless of the quantity of a good or service produced/sold.
Government agencies Operated by the government to provide technical assistance, counseling, grants, or other means of financial assistance at low-interest rates.
Liabilities Debts owed by the business.
Lines of credit Agreements made by a bank to lend money at a stated interest rate whenever the owner needs it. A fee is charged for the privilege whether the money is used or not, and interest is charged on any money that is used.
Long-term loan Borrowed money that is repayable over a period longer than a year.
Net worth The monetary value of the business; assets minus liabilities.
Personal expenses Expenses incurred by the entrepreneur for goods and services for personal use rather than for use in the business.
Private investors (angels) Wealthy individuals functioning as non-professional investors who are willing to invest in local businesses for financial or emotional reasons and who sometimes prefer to remain anonymous.
Repayment plan A plan indicating how and when debts of the business will be paid.
Secured loan A loan that is backed by collateral.
Short term loan Borrowed money that must be repaid within one year.
Start up costs One-time expenses an entrepreneur incurs when starting a business.
State-sponsored venture capital funds Funds provided to entrepreneurs by the state in an effort to encourage economic development and creation of jobs.
Trade credit Short-term financing that allows an entrepreneur credit from vendors within the business’s industry or trade.
Unsecured-loan A loan that is not guaranteed by collateral.
Variable costs Expenses that may change from month to month depending on the needs of the business; costs that increase and decrease with the quantity of the good or service produced/sold.
Venture capitalists Individuals or firms that invest money professionally to make money, expect a large capital gain, and look for high growth potential.
Created by: 12259623
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards