Business Vocabulary Flashcards
variable costs
costs that can change (examples: ingredients)
fixed costs
costs that stay the same (example: rent, insurance, phone)
total costs
the sum of all costs
unit cost
the price of one unit how we get it: total cost divided by the number of units also: UNIT can be the same as ITEM
what happens TO costs?
the costs: increase / go up stay the same / stay constant / don’t change decrease / go down
what is a “chart” in excel?
the same as a graph
consumer
the person buying things consume = to use something up
producer
the person / business that produces things for consumers
if something changes every year…
changes year to year changes on a yearly basis
what is a quarter?
25%
$0.25
three months out of the year
in the short run in the long run
in a short period of time (< 1 year)
in a long period of time (> 1 year)
what does “contiguous” mean
side by side
touching
what is a “non-contiguous range”
the range that has separate areas on the sheet
how do you highlight a non-contiguous range
- highlight the first part
- press down control
- highlight the second part
(the middle part will be not highlighted)
what does “#######” mean?
It means not enough space
You need to resize the column
(by going to the edge of the column and dragging)
how do you put a pie chart
- highlight the data
- go to the “insert” tab on the ribbon
- click on the pie icon in charts
how do you put commas in a number
1000000
go to the ribbon, click on the , icon
1,000,000
