Anything of value or belonging to you
A formal contract to repay borrowed money
An establishment formed to carry on commercial enterprise
A legal entity made up of shareholders
Refers to the entity responsible for the day to day operations of the business
Corporate profits paid to shareholders
When the company is taxed on its profits then shareholders are taxed again on the dividends they earn from the company
Makes decisions about CELL
A semi independent business that pays fees to a parent company in exchange for the rights to sell a good or service
Combination of two or more firms in the same market with the same good or services
Legally bound to pay debts
The owners of the corporation cannot lose more than what they paid for their stock if the corporation fails
The death of an owner ends the business and it must be reestablished in the new owners names
One partner is the general partner and the other is usually "silent" only providing money
Institution that functions as business but does not turn a profit
Everyone can compete in the market place
A business owned and managed by two or more people
Combines productive resources to make final goods or services
A business owned and managed by a single person
Ownership in a corporation
Products available in the marketplace
Ones personal assets can be seized to pay business debts
The combination of two or more firms involved in different stages of producing the same good or service
Individual or groups that own a business and its legal entities
Law which allows a group of people to conduct business as a single unit
business owned and operated by one indivdual
Partners share equal liability in profits and losses of the business
A business that leases its trade name and operating systemto another person
Separate legal entity which forms a board to act as governing bodies
The right or license to sell a company's product or service at a designated location
Person or persons who pay fees to a company to operatea business under the franchisor's trade name
Partners have an unequal share and liability in the business; They are responsible only for the amount they invested
business which is granted a charter establishing its own rights, privileges and liabities distinct
an economic system in which individuals are free to compete and earn a living
an economic system in which buyers and sellers are free to exchange goods and services
a desire to make a profit
when you put money into a business
The exclusive right granted by law, to publish or sell a written, musical, or artistic work
Gives a person the exclusive right to make and sell an invention
law that states businesses will provide more products when they can sell them at higher prices
law that states buyers will demand more products when they can buy them at lower prices
Money invested in buildings, machines, and other property used to produce goods
Businesses owned by one person
organizations that provide goods and services without seeking a profit
Businesses where two or more people share responsibilities
Corperation profits paid to stockholders
Another form of business organization
people who buy corporate stocks
money a person pays to use something
Total amount of money made after deductions
total amount of money made before deductions
human effort used to produce goods and services
The amount of work produced by a worker per hour
The decision makers of a business
An economic system based on private ownership of the meens of production
Companies that control all production of a good or service
this occurs when two or more companies combine to form one company
A form of business organization in which several companies create a board of trustees so they no longer compete with eachother
An economic system that combines elements of free and command economies
production is based on customs and traditions usually passed down
government owns almost all of the capital, tools, and equipment
a person who is the exclusive owner of a business. they are entitled to keep all profits for themself after tax has been paid, but has unlimited liability (2 words)
the market where the initial shares of a public company are first floated (2 words)
a market with a decline and a drop in share prices and demand (2 words)
the name for the Hong Kong stockmarket index (2 words)
the availability of liquid assets to a market or company (1 word)
__ is the share price of a share when it is floated on the secondary market (2 words)
a person who sets up a business(es), taking on the financial risks in hope of profit (1 word)
the 4 P's of marketing include price, placement, product and ____ (1 word)
companies like McDonald's are known as ____ (1 word)
you can earn an income from shares by either selling stock, or receiving ___ (plural, 1 word)
a stock in a corporation which has a great reputation, is reliable and operates well (plural, 3 words)
the Australian share market (abbreviated)
describes the sources and uses of cash for a reporting period
charge for using money until repaid at a future date
security that represents ownership in a corporation; holders exercise control by electing a board of directors and voting on corporate policy
amount by which a company's value exceeds the value of its individual assets and liabilities
class of ownership in a corporation that has a higher claim on its assets and earnings than common stock
net sales minus cost of goods sold
record within an accounting system where increases and decreases in a specific asset, liability, equity, revenue, or expense are entered and stored
process of allocating the cost of an intangible asset to expense over its estimated useful life
an entry that increases asset and expense accounts, and decreases liability, equity ad revenue accounts
income statement, balance sheet, statement of changes in owner’s equity, and statement of cash flows
customers and other individuals and organizations who owe a company
journal entry at the end of an accounting period to bring an asset or liability account to its proper amount and update the related expense or revenue account
total cost of an asset less its accumulated depreciation
an asset created by selling products or services on credit
method to assign cost to inventory that assumes items are sold in the order acquired
entity created by law and separate from its owners
inflows of assets in exchange for products and services provided to customers as part of a company’s operations
length of time an asset will be productively used in the operations of a business
occurs when expenses exceed revenues
merchandise a company owns and expects to sell in its normal operations
estimate of amount to be recovered at the end of an asset's useful life
expense created by allocating the cost of plant and equipment to periods in which they are used; represents the expense of using an asset
resources owned or controlled by a company that provide expected future benefits to the company
a liability created by buying products or services on credit
obligations due to be paid or settled within the longer of one year of the operating cycle
equals a corporation’s accumulated net income (loss) for all prior periods that has not been distributed to shareholders
A business or association usually formed to manufacture or supply products or services for profit.
A company legally separate from stockholders who own it and the managers who run it.
A person who organizes, operates, and assumes the risk for a business venture.
A company owned and managed by two or more people who share its profits or losses. A partnership is not separate from its owners, who are liable for the company’s debts.
A corporation that doesn’t sell shares to the public. You cannot buy shares of a private company in the stock market.
The stock of a public company is owned and traded by individuals and institutional investors. In contrast, the stock is held by company founders, employees, and sometimes venture capitalists.
A company owned and run by one individual who receives its profits or its losses. A proprietorship is not separate from its owner, who is liable for the company debts.
Shares of a company that do not guarantee a dividend and have more risk and volatility than preferred shares. Common stock holders have the benefit of providing shareholders with the right to vote for the board of directors as well as on issues that come before the board at the annual meeting of shareholders.
A business that is owned by stockholders and has right and responsibilities as if it were a person.
Part of a company’s profits (earnings) that it pays as money to stockholders.
The amount of money that remains after subtracting the company’s expenses from its revenue.
Someone who risks funds by purchasing financial products with the hope the investments will increase in value over time.
The initial sale of stock to the public by investment bankers.
Shares of ownership of a company in which the shareholder is guaranteed a dividend if one is declared and whose shares are usually not as volatile as common stock. Preferred stock holders do not have voting rights in company elections and decisions.
A company that is owned by a person, family, or small group of investors that does not sell shares of stock in the company to the public.
A company that is owned by investors who buy shares of stock, partial ownership of the assets of a business, in the corporation usually through one of the stock exchanges.
The chance of losing all or part of an investment.
A type of security that signifies ownership in a corporation and represents a claim to a part of the company’s profits or losses. Companies usually issue stock to raise money for a variety of reasons, including expanding or modernizing their operations.
An announcement appearing in financial publications such as The Wall Street Journal announcing a company’s Initial Public Offering (IPO.)
Indicates how much and how quickly the value of an investment, market, or market sector changes.
By law, each publicly held corporation must provide its shareholders with an annual report showing its income and balance sheet. In most cases, it contains not only financial details but also a message from the chairman, a description of the company's operations, and an overview of its achievements.
Process by which assets of a business are converted to money.
The condition of owning stock. The value of a long position is a stock’s current share price multiplied by the number of shares owned.
If you own common stock in a U.S. corporation, you have the right to vote on company policies and to elect the company's board of directors. You may vote in person at the annual meeting or authorize the board to vote on your behalf using an absentee ballot, or proxy,Which you can submit by mail or, increasingly often, by telephone or over the Internet.
An individual or company (including a corporation) that legally owns one shares of stock in a stock company. The shareholders are the owners of a corporation.
sole proprietor/ Trader
private limited company
public limited company
deed of partnership
chain of production
How a business owner intends to organize an entrepreneurial endeavor.
Capital provided by outside investors for financing of new businesses.
An agent that provides financial services for its clients.
Business that provides banking services for profit.
Traditional ___ include receiving deposits of money, lending money and processing transactions.
Some of these issue banknotes as legal tender.
A not-for-profit co-operative financial institution owned and controlled by its members
An asset is usually purchased in hopes of getting a future return or interest from ___.
It's limited to a partner or investor’s investment.
Sole proprietorships and general partnerships in which the owner or partners are each liable for business debts.
An unincorporated business with a single owner.
Where two or more individuals share the profits and liabilities of a business venture.
A legal entity that is separate and distinct from its owners.
Organization owned and operated for the benefit of those using its services.
an unincorporated business with two or more owners
a business that is registered and operates apart from its owners
an owner of shares of stocks in a corporation
a business that is owned by one person
insurance agents debt and actions of a business
full responsibility for all debts and actions of a business
a participant in a partnership oh has unlimited personal liability and takes full responsibility
a partner in a business who is limited to his or her investment
an entity that pays taxes on earnings
he or she is responsible only up to the amount of the individual investment
a corporation that is taxed like a partner ship
a legal entity that makes money for reasons other than the owners profit
a company who's owner and managers have limited liability and some tax benefits
a nonprofit organization sponsored by local businesses to provide general information on companies
a certificate that promises to repay the money loaned, plus interest, on a certain date
total amount of new funds a business generates from operations
written government approval to establish a corporation
Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions
firm with four or more business making unrelated products, with no single business responsible for a majority of its sales
a nonprofit association performing some kind of economic activity for the benefit of its members
form of business organization recognized by the law as a separate legal entity
nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
gradual wear on capital goods
check that transfers a portion of the company profits to stockholders usually quarterly
form of partnership where all partners are equally responsible for management and debts
the combination of two or more firms competing in the same market with the same good or service
a stock of finished goods and parts in reserve
an organization of workers that tries to improve working conditions, wages, and benefits for its members
a firm that legally ceases to exist when the owner dies, quits, or sells the business
form of partnership where one or more partners are not active in the daily running of the business, and whose liability for the partnership's debt is restricted to the amount invested in the business
combination of two or more businesses to form a single firm
a corporation that has manufacturing or service operations in the number of different countries
measure of business profits determined by subtracting all expenses, including taxes, from revenues
an organization that can function like a business but does not seek financial gain
unincorporated business owned and operated by two or more people who share the profits and responsibilities for debts
the amount borrowed or the amount still owed on a loan, separate from interest
nonprofit organization of professional or specialized workers seeking to improve working conditions, skill levels, and public perception of its profession
an unincorporated business owed by a single person who is responsible for its liabilities and entitled to its profits
a person who owns stock in a corporation.
the joining of two companies involved in different stages of related businesses