A | B |
Raw materials | Items in their natural state or condition |
Resource owners | Those who provide human resources, natural resources, and capital goods in order for production to take place |
Shared time | When two employees share the responsibility for one full-time position |
Stockpiling | Maintaining a large inventory |
Technology | Scientific applications to business objectives or the methods used to attain those objectives |
iGen / Gen Z: Born between 1995 and 2012 | As of 2023 most of these folks are still too young to have made an impact. However the older ones might be fighting our war in Afghanistan. The younger ones are hopefully still in school and planning on careers and jobs that will have strong demand and generate new opportunities. |
Business Plan | A written outline that evaluates all aspects of your business. |
Depreciation | A non-cash expense of doing business (such as recording that assets are going down in value over time) |