Vocab 1
Vocab 2
Vocab 3
Vocab4
Vocab 5
100
item of value your business owns
What is an asset
100
savings kept on hand to pay operating expenses
What is cash reserves
100
an occupation or field in which you work over a long period of time
What is career
100
requires an advanced degree
What is profession
100
examines and rates products
What is consumer magazines
200
process of recording your business’s finances
What is accounting
200
when a business’s expenses are greater than the revenue
What is net loss
200
talents that come naturally
What is aptitudes
200
first step on the career ladder
What is entry level job
200
prevents impulse buying
What is shopping list
300
person in charge of a business’s financial planning
What is financial manager
300
report of assets, liabilities, and owner’s equity at any given time
What is balance sheet
300
abilities developed through learning and experience
What is skills
300
plainly labeled, unadvertised, and sold at lower prices
What is generic products
300
covers only certain parts of a product for repair
What is limited warranty
400
tells you how much money you need to run your business over a long time
What is operating budget
400
outline of the expenses, needs, and goals of a business
What is financial plan
400
trained to help you discover and evaluate possible careers
What is career counselor
400
Macy’s and Marshall Field’s
What is department stores
400
sell brand-name products that are discontinued or have minor flaws
What is outlet stores
500
money your business owes
What is a liability
500
something you do to make money
What is job
500
a good place to find out about careers
What is library
500
cost per pound or quart
What is unit price
500
tells you what the contents of a product are
What is label
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