Micro-enterprise 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 not 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 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 proprietors are taxed on the profits of the company, and are personally liable for any debts or judgments 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.
shares
an individual or company that owns share in a company.
shareholder
all people or companies associated with an enterprise. Stakeholders include internal stakeholder (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.
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 is as important as any capital but its not a cash instrument.
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. Effective teamwork involves trust among team members. Collaboration and cooperation.
teamwork
fixed cost plus variable cost
total costs
units times price
total revenue
the practiced 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 events the debt holder in unable to make a required payment. Unsecured debt is riskier for a bank or online leading company-therefore the lending party charges a higher interest rate on unsecured debt that it does on secured debt.
unsecured debt
cost that vary based on the units sold by your enterprise.
variable cost
