Test 4 Flashcards
an investment worth money, “financial ownership” indicating ownership. Ex. stock in companies like Apple or McDonalds that are traded in stock market is security
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 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 self-motivated can find the strength to start and then finish a task without giving up
Self- Motivation
costs that vary somewhat based on the number of units you sell. Ex. If your enterprise but an IPhone you won’t have to pay again for apps you already own.
Semi-Variable Costs
An individual that owns a company. Sole proprietors are taxed on the profits of the company, and are personally liable for any debts or judgments against the company.
Sole proprietorship
one of the equal parts into which company’s a capital dividend, entitling the holder to a proportion of the profits. Share refers to the ownership certificates of a particular company
Share
An individual or company that owns shares in a company
Shareholder
all people or companies associated with an enterprise, Stakeholder’s include internal stakeholder’s (employees and shareholders/owners) as well as external stakeholders (customers, suppliers, community members)
Stakeholders
shares of ownership in a company. Stock is a general term of ownership in any 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. Small business owners typically work very long hours. Sweat equity 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 teamwork involves trust among team members. Collaboration and Cooperation
Teamwork
fixed costs plus variable costs
Total Costs
Units time price
Total Revenue
The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.
Transparency
assets that are not already pledged as a guarantee to repay
Unencumbered
Units refer to the “things” the company sells. Retail stores sell many different types of units. Service businesses can sell many different services.
Units
- debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment. Unsecured debt is riskier for the bank or online lending company-therefore the lending party charges a higher interest rate on unsecured debts than it does on secured debt.
Unsecured Debt
Costs that vary based on the units sold by your enterprise
Variable Costs
