Test 4 Flashcards
Securities
An investment with money a “Financial Instrument” indicating ownership
Security
An investment vehicle
Self-discipline
The ability to pursue what you think is right or necessary to do despise temptations to quit
Self motivation
the ability to pursue a task without being told to by someone else
Semi-variable costs
is a cost composed of a mixture of both fixed and variable components.
Sole proprietorship
An individual that owns a company taxed on profits of the company and are personally liable for any debts or judgements against the company
Share
one of the equal parts into which company’s capital is divided
Stakeholders
All people or companies associated with an enterprise
Stocks
shares of ownership in a company
supplier
A company that provides a good or service to another company
Sweat equity
The hard work a small business owner puts into forming, founding, and operating his/her business.
Target market
exact customers and market sector the business intends to serve
Teamwork
working with others to address a challenge
Total costs
fixed costs plus variable costs
Total revenue
units times price
Unencumbered
assets that are not already pledged as a guarantee to repay another team
Units
units refer to the things the company sells
unsecured debt
a debt for which the creditor does not have a security interest in collateral, and the creditor is therefore not entitled to take property from you to satisfy that debt without a judgment. Common types of unsecured debt are credit cards, medical bills, most personal loans, and student loans
Variable costs
costs that vary based on the units sold by your enterprise
transparency
an image, text, or positive transparent photograph printed on transparent plastic or glass, able to be viewed using a projector
