Business Terms Chapter 4 Flashcards
An investment worth money a financial instrument indicating ownership
Securities
An investment vehicle. Different types of securities include stocks bonds and mutual funds
Security
The ability to pursue what you think is right or necessary to do despite temptations to quit.
Self-Discipline
The ability to pursue a task without being told to by someone else. Individuals who are self motivated can find the strength to start and then finish a task without giving up
Self Motivation
Costs that vary somewhat based on the number of units you sell
Semi-Variable Costs
An individual that owns a company. Sole proprietorships are taxed on the profits of the company.
Proprietorship
one of the equal into which companies capital is divided. Entitling the holder to a proportion of the profits.
Share
an individual or company that owns shares in a company.
Shareholder
all people or companies associated with an enterprise.
Stakeholders
shares of ownership in a company. Stock is a general term of ownership in any company.
Stocks
A company that provides a good or service to another company.
Supplier
The hard work a small business owner puts into forming, founding and operating his/her business. Small business owners typically work very long hours.
Sweat Equity
The exact customers and market sector the business intends to serve
Target Market
Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task.
Teamwork
Fixed cost plus variable costs
Total Costs
