| A | B |
|---|
| entrepreneur | person who organizes, manages, and assumes the risks of a business in order to make a profit |
| startup | a beginning business enterprise |
| small business incubator | private or government funded agency that assists new businesses by providing advice or low-rent building and supplies |
| inventory | extra supply of the items used in a business, such as raw materials or goods for sale |
| receipts | income received from the sale ofgoods and/or services; also, slips of paper documenting a purchase |
| sole proprietorship | business owned and operated by one person |
| proprietor | owner of a business |
| unlimited liability | requirement that an owner is personally and fully responsible for all losses and debts of a business |
| assets | all itrems to which a business or household holds legal claim |
| partnership | business that two or more individuals own and operate |
| limited partnership | special form of partnership in which one or more partners have limited liability but no voice in management |
| joint venture | partnership set up for a specific purpose just for a short period of time |
