test 4 Flashcards

1
Q

an investment worth money; a “financial instrument” indicating owner ship

A

Securities

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2
Q

an investment vehicle. different type include stocks, bonds, and mutual funds

A

Security

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3
Q

the ability to pursue what you think is right or necessary to do despite temptations to quit

A

Self Discipline

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4
Q

the ability to pursue a task without being told to by someone else find the strength to start and then finish a task without giving up

A

Self Motivation

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5
Q

costs that vary somewhat based on the number of units you sell

A

Semi Variable Costs

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6
Q

an individual that owns a company. are taxed on the profits of the company, and are personally liable for any debts or judgments against the company

A

Sole Proprietorship

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7
Q

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

A

Share

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8
Q

an individual or company that owns shares in a company

A

Shareholder

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9
Q

all people or companies associated with an enterprise

A

Stakeholders

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10
Q

shares of ownership in a company general term of ownership in any company

A

Stocks

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11
Q

a company that provides a good or service to another company

A

Supplier

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12
Q

the hard work a small business owner puts in forming, funding and operating his/her business. small business owners typically work very long hours. is important as any capital but it’s mot an cast investment

A

Sweat Equity

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13
Q

the exact customers and market sector the business intends to serve

A

Target Market

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14
Q

working with others to address a challenge. Individuals using their skills in harmony with others to complete a task .

A

Team Work

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15
Q

fixed cost plus variable cost

A

Total Costs

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16
Q

units times price

A

Total Revenue

17
Q

the practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.

A

Transparency

18
Q

assets that are not already pledged as a guarantee to repay another loan.

A

Unencumbered

19
Q

refer to the “things” the company sells. service business can sell many different services

A

Units