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EC014/EC903 GLOSSARY TERMS 4

AB
Raw materialsItems in their natural state or condition
Resource ownersThose who provide human resources, natural resources, and capital goods in order for production to take place
Shared timeWhen two employees share the responsibility for one full-time position
StockpilingMaintaining a large inventory
TechnologyScientific applications to business objectives or the methods used to attain those objectives
iGen / Gen Z: Born between 1995 and 2012As 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 PlanA written outline that evaluates all aspects of your business.
DepreciationA non-cash expense of doing business (such as recording that assets are going down in value over time)


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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