BA101 (Week 1) Chapter 1 Flashcards
0
Q
Nonprofit Organization
A
Does not take profit to benefit organization, takes donations.
1
Q
4 resources
A
- Natural resources
- Human resources (people perform work for business mentally and physically)
- Capital (machinery, equipment)
- Entrepreneurship (high risk, unpredictable events)
2
Q
Stakeholders
A
Who have an interest (stake) in a business
3
Q
5 types in a business
A
- Owners
- Creditors
- Employees
- Suppliers
- customers
4
Q
Stocks
A
Investors part ownership
5
Q
Stockholders/shareholders
A
Investors purchase stocks.
6
Q
Creditors
A
Who provide loans to company that needs it.
7
Q
Dividends
A
Payments from the corporations net income made to its shareholders.
8
Q
Business in Environment
A
- Social
- Industry
- Economic
- Global
9
Q
Strategic vs. tactical
A
What do we do vs. How do we do?
10
Q
Capital Gains
A
Generated when shareholders sell their stocks. Capital investment in corporations is when sales prices exceeds the stocks purchase price.
11
Q
Perpetual Life
A
Business treat people like “people,” have rights to influence people.
