| A | B |
|---|
| assets | Goods and property owned |
| balance sheet | A report that presents the financial condition of a company as of a specific date |
| charter | A written grant of rights from a government, as to form a corporation |
| confidential | Private or secret in nature |
| corporation | A business organized under the laws of a particular state for which a charter was secured |
| employee empowerment | Enabling employees to make decisions |
| expense | Financial cost; fee; charge |
| freelancer | An independent contractor who works for others, usually on a project-by-project basis |
| hoteling | Assigning temporary office workspace to workers as needed |
| income statement | A report that details the results of business operations for a certain period of time |
| information | Data or facts that have been summarized or organized into a meaningful form |
| Internet | A public, worldwide computer network made up of smaller, interconnected networks that spans the globe |
| intranet | A communications network within an organization that is meant for the use of its employees or members |
| liabilities | debts |
| mobile office | An office temporarily located at a particular site or that can move from place to place |
| negligence | Failure to use a reasonable amount of care resulting in damage |
| nonterritorial workspace | An area not assigned to a specific person or task |
| office | A place in which the affairs of a business, professional person, or organization are carried out |
| owner’s equity | The owner’s share of the worth of a firm; capital |
| partnership | A business that is not incorporated and has two or more owners |
| profit | Monetary gain; advantage |
| revenue | Income, money, or other gain received |
| sole proprietorship | A business owned by one individual, also called single proprietorship |
| telecommute | The practice of working and communicating with others from a remote location |
| vendor | A seller of goods or services |
| virtual office | The capability to perform work activities away from a traditional office setting |
