| A | B |
|---|
| Angel investor | Someone who provides staft-up moneyto a new business |
| Asset | Anything of value that a business or individual owns |
| Bond | A piece of paper (whether realorvirtual)that says a governing body orcorporation will borrow an investor's money at a pafiicular interest rate for a particular period of time |
| Business | An organized effort to produce and/or distribute goods and services |
| Compensation | Pay or wages for work completed |
| Consultant | A business or individual offering advice for a fee |
| Continuous process improvement | The activity of regularly updating one's processes for better efficiency |
| Credit | The arrangement by which businesses and individuals can purchase now and pay later |
| Credit rating | The score assigned to a borrower based on previous loans |
| Database | A virtual storage unit for information |
| Debt | Money businesses or individuals owe to others |
| Equity | Assets minus liabilities; also known as stockholders'(orshareholders')equity, book value, and net worlh |
| Executives | Top-level employees |
| Expenses | The money that a business spends |
| Financial analysis | The process of planning, maintaining, monitoring, controlling, and repofting the use of financial resources |
| Financial records | Documents containing informatÌon related to the amount of money going in to and out of a business |
| Financing | Funding a business activity or project through debt, equity, or venture capital |
| For-profil business | A business whose overall purpose isto earn a profit |
| Goal | An objective or want that you plan to fulfill |
| Graph | A drawing that shows numerical information to indicate relationships ortrends |
| Human resources | People who work to produce goods and services |
| Human resources management | The process of planning, staffing, leading, and organizing the employees of the business |
| lncome | he money received by resource owners and by producers for supplying goods and services to consumers |
| lnformation management | The process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making |
| Inquiry | Asking a database to retrieve information in the sequence you desire |
| lnterest | The reward or cost of lending or borrowing money, usually figured as a percentage of the amount |
| Job description | The official statement of job duties an employee must pedorm |
| Layaway | A type of sale in which merchandise is removed f rom the sales floor and held by the business until the customer pays the outstanding balance |
| Loan | A sum of money lent to a business or an individual for a specific time period that is repayable with interest |
| Manager | lndividual whose job involves planning, organizing, staffing, directing, and controlling for a business |
| Manufacturing | Changing the shapes or forms of materials so that they will be useful to c0nsumers |
| Marketing | The process of creating, communicating, and delivering value to customers and managing-custoiner relationships in ways that benefit the organization and its stakeholders |
| Merger | Two individual businesses that combine to form one organization |
| Mission | A brief summary of what a business owner wants a business to be doing |
| Nonprofit business | Business or organization whose intent is to make enough money to support its mission |
| Offshoring | Producing goods in foreign countries |
| Operations management | The process of planning, controlling, and monitoring the day-to-day activities required for bontinued business functioning |
| Orientation | Job preparation or induction training in which new employees are acquainted with their surroundings, r'eceive general information about the company and its policies, and are given specific information about their jobs |
| Outsourcing | Acquiring assistance from outside organizations/consultants to perform primary business activities |
| Overhead | Business expenses for things such as payroll, rent, and utilities |
| Principal | The original amount of an investment |
| Process | The way in which an activity is carried out |
| Production | The process or activity of producing goods and services |
| Profit | Monetary reward a business owner receives for taking the risk involved in investing in a business |
| Quality control | Ensuring the degree of excellence of a good or service |
| Recruiting | Seeking out and attracting qualified potential employees |
| Report | A document that summarizes information in an organized manner |
