3rd Flashcards

1
Q

investment worth money a financial instrument indicating ownership

A

securities

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2
Q

investment vehicle. Different types of securities include stocks, bonds, and mutual funds

A

security

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3
Q

the ability to pursue a task without being told to by someone else. Individuals who are self-motivated can find strength to start and then finish a task without giving up

A

self motivation

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4
Q

the ability to pursue what you think is right or necessary to do despite temptations to quit

A

self discipline

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5
Q

costs that vary somewhat based on the number of unit you sell

A

Semi variable costs

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6
Q

an individual that owns a company. Sole proprietors are taxed on the profits of the company and are personally liable for any debt

A

Sole proprietorship

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7
Q

one of the equal parts into which a company’s capital is dividend entitling the holder to a proportion of the profits. Share refers to the ownership certificates of a particular company

A

share

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8
Q

an individual or company that owns shares in a company

A

shareholder

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9
Q

all people or companies associated with an enterprise. Stakeholders include internal stakeholders as well as external stakeholders

A

stakeholder

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10
Q

shares of ownership in a company

A

stock

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11
Q

a company that provides a good or service to another company

A

supplier

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12
Q

the hard work a small business owner puts into forming founding and operating his or her business. Small business owners typically work very long hours. Sweat equity is as important as any capital but its not a cash investment

A

sweat equity

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13
Q

the exact customers and market sector the business intends to serve

A

target market

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14
Q

working with others to address a challenge. Individuals using their skills in harmony with other to complete a task effective teamwork involves trust among team members. Collaboration and cooperation

A

teamwork

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15
Q

fixed cost plus your variable cost

A

total cost

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16
Q

unit times price

A

total revenue

17
Q

the practice of operating openly and communicating fully providing stakeholders with a clear understanding of how your enterprise operates

A

transparency

18
Q

assets that are not already pledged as a guarantee to repay another loan

A

unencumbered

19
Q

units refer to the “things” the company sells

A

units

20
Q

debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment. Unsecured debt is riskier for the bank or online lending company – therefore the lending party charges a higher interest rate on unsecured debt than it does on secured debt

A

unsecured debt

21
Q

costs that vary based on the units sold by your enterprise

A

variable costs