vocb3 Flashcards
an investment worth 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 tem potations 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
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 judgements against the company
Sole Proprietorship
one of the equal parts into which a company’s capital id 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. Stakeholders include internal stakeholders- (employees and shareholders/owners) External shareholders- (customers, suppliers
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 member. Collaboration and cooperation
Teamwork
fixed cost plus variable cost
Total costs
