Lucky #7
This federal agency is designed to aid, counsel, assist, and protect small businesses in the U.S.
Small Business Administration (SBA)
This system recognizes, organizes, analyzes, and reports information about financial transactions.
Accounting
This business function is responsible for finding the best sources and uses of financial capital.
Finance
This formal IOU is issued by a corporation or government and pays interest to its holder.
Bond
This function creates, communicates, and delivers value to customers in order to achieve long‑term profitability.
Marketing
Wealthy individuals who invest in start‑ups with high growth potential in exchange for ownership shares
Angel Investors
This set of rules guides how firms prepare financial statements in the United States
Generally Accepted Accounting Principles (GAAP)
The goal of financial management for most corporations is to maximize this area
Value of the business, Stock price, or Value
The first time a company sells its stock to the public
Initial Public Offering (IPO)
The ability of a product to satisfy customer wants
Utility
Companies that invest in high‑potential start‑ups in exchange for a share of ownership are called what?
Venture Capital Firms
This financial statement reports a firm’s assets, liabilities, and owners’ equity at a specific point in time.
Balance Sheet
Ratios that measure a firm’s ability to pay short‑term debts as they come due
Liquidity Ratios
This federal agency has primary responsibility for regulating the securities industry
Securities and Exchange Commission (SEC)
These make up the Four Ps
Product, Price, Promotion, Place (distribution)
Small, profitable slices of a market that big firms ignore.
This financial statement shows revenues, expenses, and net income over a period of time.
Income Statement
Using debt in a firm’s capital structure
Financial Leverage
This type of stock usually has a fixed dividend and priority over common stock in dividends and assets.
Preferred Stock
Dividing the total market into smaller groups of people who share similar characteristics
Market Segmentation
Local offices linked to the SBA that provide comprehensive management assistance to small business owners
Small Business Development Centers (SBDCs)
This statement identifies a firm’s cash inflows and outflows from operating, investing, and financing activities.
Statement of Cash Flows
The idea that a dollar today is worth more than a dollar in the future
Time Value of Money
A fund that pools investor money to buy a diversified portfolio of securities, managed by professionals
Mutual Fund(s)
Marketers who sell products for personal use
Business to Consumer (B2C)