dek4 Flashcards
– An investment with money; a “financial instrument” indicating ownership. Ex stock in companies like Apple or McDonald’s that are traded in the stock market is security.
- 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 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. Ex. If your enterprise buys an IPhone you won’t have to pay again for apps you already own.
- Semi-Variable Costs
– An individual that owns a company. Sole proprietors are taxed on the profits of the company, and personally liable for any debts or judgements against the company.
- Sole Proprietorship
One of the equal parts into which a company’s capital is divided, entitling the holder to a proportion of the profits. Share refers to the ownership certificates of a particular company.
- Share
An individual or company that owns shares in a company.
- Shareholders
All people or companies associated with an enterprise. Stakeholders include internal stakeholders (employees and shareholders/owners) as well as external stakeholders (customers, suppliers, community members).
- Stakeholders
– Shares of ownership in a company. Stock is a general term of ownership in any company. Ex if investors say they own stocks they are generally referring to their overall ownership in one or more companies
- Stocks
A company that provides a good or service to another company.
- Supplier
The hard work a small business owner puts forming, founding, and operating his/her business. Small business owners typically work very long hours. Sweat equity is as important as any capital but it’s not a cash investment.
- Sweet Equity
The exact customers and market sector the business intends to serve.
- Target Market
Working with others to address a challenge. Individuals using their skill in harmony with others to complete a task. Effective teamwork involves trust among team members. Collaboration and cooperation.
- Teamwork
Fixed cost plus variable cost.
- Total Cost
Units times price
- Total revenue
- The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.
- Transparency-
Assets that are not already pledged as a guarantee to repay another loan.
- Unencumbered
Units refer to the “things” the company sells. Retail stores sell many different types of units. Service businesses can sell many different services
- Units
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 – therefor the lending party charges a higher interest rate unsecured debt than it does on secured debt.
- Unsecured Debt
- Costs that vary based on the units sold your enterprise.
- Variable Cost
