test 4 Flashcards
(21 cards)
- 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 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 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.
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.
Swear 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 costs
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
Units refer to the “things” the company sells. Retail stores sell many different types of units. Service businesses can sell many different services.
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
Costs that vary based on the units sold by your enterprise.
Variable costs
