test 1 Flashcards
(finished) B
money owed by a company to a supplier
accounts payable
money owed by a customer to a company
account receivable
individuals that make small investments
angel investors
something value anything owed
assests
debt from a bank, banks require much more information from potential borrows
bank loan
a loan, is security that investors buy and sell
bond
a determination of how many units are needed to sell in order to pay for all fixed costs
break even analysis
a company that provides individuals and companies with access to financial workers
brokerage
proper business behavior
business ethics
funds contributed to investors to a business
capital (equality)
expenditures on equipment the business use for many years
capital expenditures
cash publicity traded stock
cash instruments
revenues minus cost
cash flow
equipment inventory
collateral
to interact in a friendly and effective way
comfort engaging with strangers
money owed
commision
a promise to keep information you learn secret its often formalized by signing a non-disclosure agreement (NDA)
cofidentiality
a situation in which an individual might take an action to his/her advantage that would be the disadvantage of a person or company that believes the individual is serving them
conflict of interest
unit price minus goods sold
contribution margin unit
action entrepenuers and company take that go beyond their financial self-interest
corporate social responsibility
a person in the eye of the law
corporation
cost that make up one unit of what you sell
cost of good sold
funds lent to a business with an agreement that the business will repay the lender with interest
credit (debt)
a loss that insurance company will rembuse a policyholder for in the event of a claim
covered loss
