vocab test 3

Question 1

an investment worth money

Answer 1

securities

Question 2

an investment vehicle

Answer 2

secuirty

Question 3

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

Answer 3

self-discpline

Question 4

the ability to pursue a task without being told by someone to by someone else

Answer 4

self-motivation

Question 5

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

Answer 5

semi-variable cost

Question 6

an individual that owns a company

Answer 6

sole proprietorship

Question 7

one of the equal part into which a company capital id dividend

Answer 7

share

Question 8

an individual or company that owns shares in a company

Answer 8

share holder

Question 9

all people or companies associated with an enterprise

Answer 9

stake holder

Question 10

shares of ownership in a company

Answer 10

stocks

Question 11

a company that provides a good or service to another company

Answer 11

supplier

Question 12

the hard work a small business owner puts into farming,founding, and operating

Answer 12

sweat equity

Question 13

the exact customers and market sector the business intends to serve

Answer 13

target market

Question 14

working with others to complete a task

Answer 14

teamwork

Question 15

fixed costs plus variable costs

Answer 15

total costs

Question 16

units times price

Answer 16

total revenue

Question 17

the pratice of operating openly

Answer 17

transparency

Question 18

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

Answer 18

unencumbered

Question 19

units refer to the “things” the company sells

Answer 19

units

Question 20

debt that does not include a promise by a guarantor to repay loan in the event

Answer 20

unsecured debt

Question 21

cost that vary based on the units sold by your enterprise

Answer 21

variable cost