vocabulary Flashcards

1
Q

an investment with money; a “financial instrument” indicating ownership.

A

Securities

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2
Q

an investment vehicle. Different types of securities 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.

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 profits of the company and are reliable 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.

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 into forming, founding, and operating his/her business.

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

Teamwork

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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.

A

Units

20
Q

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.

A

Unsecured debt

21
Q

cost that vary based on the units sold by your enterprise.

A

Variable cost