vocabulary Flashcards
an investment with money; a “financial instrument” indicating ownership.
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.
Self-motivation
costs that vary somewhat based on the number of units you sell
Semi-variable costs
an individual that owns a company. Are taxed on profits of the company and are reliable for any debts or judgments 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.
Share
an individual or company that owns shares in a company.
Shareholder
all people or companies associated with an enterprise.
Stakeholders
shares of ownership in a 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.
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.
Teamwork
fixed cost plus variable cost.
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
Transparency
assets that are not already pledged as a guarantee to repay another loan.
Unencumbered
refer to the “things” the company sells.
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.
Unsecured debt
cost that vary based on the units sold by your enterprise.
Variable cost
