test 4 Flashcards
an investment worth money; a “financial instrument” indicating ownership.
Securities
an investment vehicle
security
The ability to pursue what you think is right or necessary to do despite temptations to quit.
Self discipline
the ability to pursue a task without being told by some else.
Self-motivation
costs that vary somewhat based on the number of units you sell.
Semi-variable cost
an individual who owns a company.
Sole proprietorship
one of the equal parts into which a company’s capital is divided, entitling the holder to a proportion of the profit.
Share
all people or companies associated with an enterprise
Stake holders
shares of ownership in a company
Stocks
a company that provides goods and services to another company.
Supplier
the hard work of being a small business owner puts into forming, founding, and operating his/her business.
Sweat Equity
the exact customers and market sector the business intends to serve.
Target market
Working with others to address a challenge.
Teamwork
fixed plus the variable costs.
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 works.
Transparency
assets that are not already pledged as a guarantee to repay another loan.
Unencumbered
units refer to the “things” the company sells
Units
Debt that does not include a promise by a guarantor to pay a loanin the event the debtholder is unable to make a required payment.
Unsecured debt
Costs that based of the units sold by your enterprise
Variable cost
