Money Matters
This source of finance is short-term and although it requires a good banking relationship, it still comes with higher than average interest/fees
What is a bank overdraft facility?
Those who may be impacted by the decisions of a business and thus have an interest in its actions
Who are 'stake-holders"?
Employees, Shareholders, Local communities, Suppliers, Governments, Customers, .....
A business with one owner who makes all the decisions and takes all the risks.
What is a "sole trader" or sole proprietorship?
Statement of Revenues & Expenses. Also referred to as the income statement
What is the statement of Profit and Loss?
This woman is widely recognized as one of Brazil's most influential angel investors, a multi-time "Best Angel Investor" award winner, and founder of G2 Capital.
Who is Camila Farani?
This type of business can be recognised by the letters "Ltd."
What is a 'private limited company' (privately held)?
These are one short-term, one medium-term and one long-term source of finance
What are trade credit and overdraft, leasing and subsidies, and share capital? accept other examples
This function is responsible for the recruitment, selection, training, and assessment of employees so that they help a business achieve its objectives
What is human resource management?
This type of business has a mission that includes more than making profit. It wants to have a positive impact on the world.
What is a 'social enterprise'?
These are 4 types of costs a business might have
What are fixed, variable, direct, indirect, opportunity, unit, etc. ?
Entrepreneurs matter. And in order to be successful, they may need to have these qualities.
What are experience, risk-taking ability, decision-making ability, multi-skilled, resilience, problem-solving ability, .....?
This type of business can raised large sums of money by selling debentures, which can much less expensive in the long run than selling shares.
What is a Public Limited Company or 'PLC'?
It may increase sales by allowing customers to buy now and pay later but if a business doesn't collect these is may be in trouble.
What are debtors or "trade receivables"?
Apple is a multinational company with multiple revenue streams. This is it's current CEO.
Who is Tim Cook?
Different types of businesses have different goals. These are 3 examples of goals a business may have
What are profit, survival, increasing market share, increasing revenues, job creation, etc.?