Test 4 Flashcards
an investment worth money, a “financial instrument’ indication ownership. Ex: stock in companies like Apple or McDonald’s that are traded in the stock market is security.
Securities
an investment vehicle. Different types of ______ include stocks, bonds, and mutual funds.
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 to by someone else, individuals who are_________ can find the strength to start and then finish a task without giving up.
Self-Motivation
Cost that vary somewhat based on the munver or units you sell. Ex: if your enterprise buys an iPhone you won’t have to pay again for apps you already own.
Semi-Variable Costs
an individual who owes the company. _________ are taxed on the profits of the company, and are personally liable for any debts or judgements against the company.
Sole-Proprietorship
One of the equal parts into which a company’s capital is divided, entitling the holder to a proportion of the profits. ______ refers to the ownership certificates of a particular company.
Shares
An individual or company that owns shares in a company.
Shareholders
All people or companies associated with an enterprise. _________ include internal _________ (employees and shareholders/owners) as well as external _________ (customers, suppliers, community members).
Stakeholders
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. Small business owners typically work very long hours. _____ ______ is as important as any capital but it’s not a cash investment.
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. Effective _______ includes trust among team members. Collaboration and cooperation.
Teamwork
Fixed cost plus variable costs.
Total Costs
Units times price.
Total Revenue
The practice of operating openly and communicating fully providing stakeholders with a clear understanding of how your enterprise operates.
Transparancy
Assets that are not already pledged as a guarantee to repay another loan.
Unencumbered
_____ refers to the things that the company sells. Retail stores sell many different types of _____. Service businesses can sell any different services.
Units
debt that does not include a promise by a guarantor to repay the loan in the event the debt holder is unable to make a required payment. ______ ______ is riskier for the bank or online lending party charges a higher interest rate on _______ _______ than it does on secured debt.
Unsecured Debt
Costs that vary based on the units sold by your enterprise.
Variable Costs
