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Organization

AB
Locationwhere a business is carried out.
Employeespeople who work for a business in return for money.
Capitalthe money, tools and equipment used by the business to make the products.
Rentmoney paid for the use of a place of business.
Salarymoney paid to employees for their work.
Interestmoney paid for the use of capital.
Incentivea reward that encourages a person to do something.
Profitmoney left after all business expenses have been paid.
Entreprenuera person who organizes a new business and who takes the risks and profits.
Sole proprietorshipa business owned by one person.
Partnershipa business owned by two or more people who share the risk and profits.
Corporationa business owned by many people (called shareholders) who share the risk and profits.


21st Century Technology Teacher
Calgary, AB

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