| A | B |
|---|
| Small-Business Investment Company | government-regulated investment company that borrows money from the SBA to invest in or lend to a small business |
| Venture Capital Company | group of small investors who invest money in companies with rapid growth potential |
| Small Business Development Center | SBA program designed to consolidate information from various disciplines and make it available to small businesses |
| Corporate Governance | roles of shareholders, directors, and other managers in corporate decision making and accountability |
| Board of Directors | governing body of a corporation that reports to its shareholders and delegates power to run its day-to-day operations while remaining responsible for sustaining its assets |
| Officers | top management team of a corporation |
| Acquisition | the purchase of one company by another |
| Spin-Off | strategy of setting up one or more corporate units as new, independent corporations |
| Merger | the union of two corporations to form a new corporation |
| Small Business | one that is independent (not part of a larger business) and that has relatively little influence in its market |
| Small Business Administration | government agency charged with assisting small businesses |
| Entrepreneur | businessperson who accepts both the risks and the opportunities involved in creating and operating a new business venture |
| Entrepreneurship | the process of seeking business opportunities under conditions of risk |
| Most Popular Area of Small- Business Enterprise | Services |
| Corporation | Business that is legally separate from its owners and is liable for its own debts. A “legal person” that can a) sue or be sued, b) buy, hold or sell property, c) make and sell products, and d) commit crimes and be punished for them. |
| Limited liability | If a company with limited liability is sued, then the claimants are suing the company, not its owners or investors. |
| Franchise | an arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser) |
