Semester 1 Study Guide Flashcards
Economy
area of the production, distribution and trade
Outsourcing
teaming up with another company to be responsible
Team
two or more people working together
Telecommuting
work from home
Lifestyle
the way in which a person or group lives
Job Market
employers looking for employees, and employees looking for employers
Global Economy
how the whole world have been developed to operate as one big nation
Career
a person undertakes a significant period of a persons life, or a job
Lease
a contract by which one party conveys something to someone for some time
Goodwill
establish reputation of a business regarding as a quantifiable asset
Market Outlook
a forecast regarding the future trends of a particular company
Operating Expenses
the cost of all the workers, electrocution, water, etc
Start Up Costs
the cost of all the materials, building, uniforms, etc
Income Statements
profit and loss account
Revenue
the income of a business gets on a normal business activities
Financial Plan
how you plan on making money
Continuing Education
education for adults to continue school
Evaluation
how much we grow
Trade School
schools to train students for specific job