3rd Flashcards
(21 cards)
investment worth money a financial instrument indicating ownership
securities
investment vehicle. Different types of securities include stocks, bonds, and mutual funds
security
the ability to pursue a task without being told to by someone else. Individuals who are self-motivated can find strength to start and then finish a task without giving up
self motivation
the ability to pursue what you think is right or necessary to do despite temptations to quit
self discipline
costs that vary somewhat based on the number of unit 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 debt
Sole proprietorship
one of the equal parts into which a company’s capital is 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 as well as external stakeholders
stakeholder
shares of ownership in a company
stock
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 or her business. Small business owners typically work very long hours. Sweat equity is as important as any capital but its 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 other to complete a task effective teamwork involves trust among team members. Collaboration and cooperation
teamwork
fixed cost plus your variable cost
total cost
unit 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
units 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 debtholder is unable to make a required payment. Unsecured debt is riskier for the bank or online lending company – therefore the lending party charges a higher interest rate on unsecured debt than it does on secured debt
unsecured debt
costs that vary based on the units sold by your enterprise
variable costs
