test 4 Flashcards
an investment worth money
securities
an investment vehicle. different types of securities include stocks, bonds, and mutual funds
security
the ability to pursue what you think is right or neccessary to do despite temptations to quit
self discipline
the ability to pursue a task without being told by someone else
self motivation
costs that vary somewhat based on the number of units you sell
semi variable costs
an individual that owns a company
sole partnership
one of the equal parts into which a company’s capital is divided.
share
an individual or company the owns shares in a company
shareholders
all people or companies associated with an enterprise
stakeholders
shares of ownership in a 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
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
teamwork
fixed costs plus variable cost
total costs
units time price
total revenue
the practice of operating openly and communicating fully
transparency
assets that are not already pledged as a guarantee to repay another
unencumbered
units refer to the things the company sells
units
debt that does not include a promise by a guarantor to repay a loan the event the debtholder is unable to make a required payment
unsecured debt
costs that vary based on the units sold by your enterprise
variable costs
what are the micro enterprise steps?
self assessment, self assessment presentation, credit application, company registration, online test
