Entrepreneurship Flashcards
(25 cards)
Money owed by a company to a supplier
Accounts Payable
Money owed by a customer to a company
Accounts Receivable
Individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on the investment.
Angel Investors
Something of value that you own.
Asset
Debt from a bank.
Bank Loan
A loan
Bond
A determination of how many units are needed to sell in order to pay for all fixed costs.
Breakeven Analysis
A company that provides individuals and companies with access to financial markets.
Brokerage
Proper business behavior beyond complying with legal requirements.
Business Ethics
Funds contributed by investors to a business.
Capital (or Equity)
Expenditures on equipment the business will use for many years.
Capital Expenditures
Total revenue minus total cost minus one-time expenditures.
Cash Flow
Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.
Cash Instruments
Equipment, inventory or other goods that are pledged to the bank in the case the company cannot make a payment.
Collateral
The ability to interact in a friendly and effective way with unfamiliar people.
Comfort Engaging with Strangers
Money earned when something is sold.
Commission
A promise to keep information you learn secret.
Confidentiality
A situation in which an individual might take an action to his/her advantage that would be to the disadvantage of a person or company that believes this individual is serving them.
Conflict of Interest
Unit price minus cost of goods sold.
Contribution Margin
Actions entrepreneurs and companies take that go beyond their financial self-interest.
Corporate Social Responsibility
A corporation is a person in the eyes of the law.
Corporation
Costs that make up one unit of what you sell.
Cost of Goods Sold
A loss that an insurance company will reimburse a policyholder for in the event of a claim.
Covered Loss
Funds lent to a business with an agreement that the business will repay the lender with interest.
Credit
