| A | B |
|---|
| sole proprietorship | Owned or controlled by one person. |
| e-business | on line business. |
| one person controlled | sole proprietorship |
| advantage | a positive situation. |
| disadvantages | a negative situation. |
| business flexibility | flexible schedule. |
| job security | stablity on the job. |
| owner | control of property. |
| unlimited liability | full responsibility for company’s debts. |
| full responsibility | one hundred percent liability. |
| investment | share in the package. |
| personal assets | asset belonging to oneself. |
| capital | total invested. |
| business skills | expertise in area. |
| overworking yourself | tired, fatigue, sleepy, etc. |
| floating charge | charge that occurs periodically |
| liability | something owed to debtor. |
| asset | something owned by one. |
| trade name | the name given to product or service. |
| income statement | statement showing ones income. |
| self employed | working with your own business. |
| profit | money left over after expenses. |
| double taxation | taxed double. |
| corporate taxes | a tax paid by business based on amount of profit generated. |
| finance charge | a charge of interest. |
| business organizations | organization to offer service to public. |
