Education
The subject, theme, or professional field in which a student chooses
to specialize during undergraduate education
Major
A long-term loan from the Small Business Administration.
504 Loan
The money a business receives when it sells a product or service
Sales Revenue
Replaces income lost due to a fire or other event that forces a business to close temporarily
Business Interruption
any form of wealth that can be used to create
more wealth.
Capital
An institution of higher learning that offers undergraduate programs,
usually of a four-year duration, that lead to a bachelor’s degree in
the arts or sciences (BA or BS)
College
Investors who use their own money as start-up capital for a business, usually in exchange for a share of ownership.
Angel Investors
The expense required to acquire or produce something.
Cost
Covers losses due to damages resulting from decisions or actions that do not meet some accepted minimum standard of professional judgment.
Malpractice
Machinery, buildings, and raw materials
A master of business administration; an advanced university degree
in business studies
MBA (master of
business
administration)
A company’s offering of stock, limited to $1 million or less, directly to investors on a crowdfunding website.
Direct Public Offering (DPO)
Sales Revenue - Cost =
Profit
Insures the fidelity between the employer and its employee and pays for any
dishonesty the employee may commit
Fidelity Bond
The simplest form of capital
Cash
A graduate degree typically requiring two or three years of study
beyond a bachelor’s degree; an academic degree higher than a
bachelor’s but lower than a doctorate
Master's Degree (MA)
A loan from the federal government for developing start-up businesses.
Federal Government Venture
Capital
a measure of a company’s profitability, usually measured as a percentage.
Profit Margin
A specialized form of liability insurance that protects a business in the case of
lawsuits for injury or liability resulting from the products it designs, manufactures, or sells
Product Liability
property items owned by a business that generate yet another form of capital
Productive Assets
A secondary specialization; while a student might take 30 or more units in a major, this might require only 10 to 15 units
Minor
A company’s first offering of stock (a share in the company) for sale on a public market using underwriters.
Initial Public Offering (IPO)
The money a business has left after all expenses,
including taxes, have been accounted for.
Net Income
Provides physical disability and death benefits for company employees who are injured or killed on the job
Workers' Compensation
Franchises, copyright, intellectual property, etc
Intangible Products