Bank
Something of value.
What is Asset?
The ability to interact in a friendly and effective way with unfamiliar people.
What is Comfort Engaging with Strangers?
One of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits. Share refers to the ownership certificates of a particular company.
What is Share?
Revenues minus costs.
What is Profit?
When two or more individuals own a company. Partners are taxed on the profits of the company, and are personally liable for any debts or judgments against the company.
What is Partnership?
Debt from a bank.
The ability to accurately convey information.
What is Communication Skills?
An individual or company that owns shares in a company.
What is Shareholder?
Unit price minus cost of goods sold.
What is Profit Per Unit?
An individual that owns a company. Sole proprietors are taxed on the profits of the company, and are personally liable for any debts or judgments against the company.
What is Sole Proprietorship?
A loan from a bank.
What is Bond?
The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information.
What is Computer Literacy?
All people or companies associated with an enterprise. Stakeholders include internal stakeholders (employees and shareholders/owners) as well as external stakeholders (customers, suppliers, community members).
What is Stakeholder?
Fixed costs plus variable costs. If the enterprise sells more than one type of unit, Total Costs equal the sum of fixed costs and the sum of variable costs (or cost of goods sold) for each type of unit.
What is Total Costs?
The exact customers and market sector the business intends to serve.
What is Target Market?
The right to take possession of collateral until a debt is repaid.
What is Lien?
An individual’s self-‐commitment to overcome obstacles to achieve long-‐term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.
What is Grit?
Shares of ownership in a company. Stock is a general term of ownership in any company. Example: if investors say they own stocks, they are generally referring to their overall ownership in one or more companies.
What is Stock?
Units times price. If the enterprise sells more than one type of unit, then Total Revenue equals the sum of revenues created by selling each type of unit.
What is Total Revenue?
The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.
What is Transparency?
Equipment, inventory or other goods that are pledged to the bank in the case the company can not make a loan payment.
What is Collateral?
The ability to find solutions to difficult or complex issues. The process of working through the details of a challenge or crisis – often under pressure – to reach a solution.
What is Problem Solving?
An investment worth money; a “financial instrument” indicating ownership. Example: stock in companies like Apple or McDonald’s that are traded in the stock market is a security.
What is Securities?
Costs that vary based on the units sold by your enterprise.
What is Variable Costs?
How a business communicates to large numbers of customers, motivating them to learn more about the business and its offerings.
What is Marketing?