| A | B |
| Entrepreneur | An individual who undertakes the risk associated with creating, organizing and owning a business |
| Mom and Pop | A business that is generally started to create jobs for the owners |
| Mission statement | A written description of the purpose of a company and the management's philosophy |
| Opportunity | An idea that has commercial value |
| Manager | An employee who coordinates people, processes, and other resources of a business in order for the business to achieve success and make a profit |
| Venture | A business undertaking that involves risk |
| Business plan | A proposal that dexcribes a new business and is presented to potential investors and lenders |
| Ethics | The study of moral choices and values |
| Inquisitiveness | Asking many questions and conducting research when attempting to solve problems related to a business |
| Human relations skills | Ability to get along with employees, make customers feel wecome, and maintain a working relationship with business associates |