Notes 4 Flashcards

1
Q

An investment worth money; a “financial instrument” indicating ownership.

A

Securities

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2
Q

An investment vehicle.

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.

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.

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.

A

Teamwork

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15
Q

Fixed costs 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

Units 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 debtholder is unable to make a required payment.

A

Unsecured Debt

21
Q

Costs that vary based on the units sold by your employer.

A

Variable Cost