Defineded
Define a non-profit organization
a non-profit organization is a type of organization that operates for purposes other than generating profit.
NO PROFIT!!!
What is the accounting equation?
Assets = Liabilities + Owner’s Equity
What is leadership
Leadership is the ability to guide, motivate, and influence others toward achieving a common goal.
What is a logo?
a logo is a graphic symbol or emblem used by a company or organization to represent its brand and identity.
unprecedented
never done
Define an "entrepreneur"
an entrepreneur is a person who creates, organizes, and operates a new business, often taking on financial risks in the hopes of making a profit.
What is a balance sheet?
A balance sheet is a financial statement that shows a company’s assets, liabilities, and equity at a specific point in time.
What is strategic planning?
the process of defining goals, determining actions to achieve those goals, and allocating resources accordingly.
What is a franchise?
a franchise is a business model where one party (the franchisor) allows another party (the franchisee) to operate a business using the franchisor’s brand, products, and services under a specific agreement.
luminous
to give light. or to be clear
Define professionalism
a set of standards concerning behavior, appearance, character, and values that indicate an individual is competent, appropriate, effective, ethical, and respected
:)
What is the FDIC?
a u.s. government agency that insures deposits in banks and savings institutions, protecting consumers against bank failures.
What is a business plan?
A business plan is a formal document outlining a company’s goals, strategy, and how it plans to achieve them.
What is owner’s equity?
owner’s equity represents the owner’s share of the business after subtracting liabilities from assets.
augmented
To make something a bigger size
Define corporation
a corporation is a legal entity that is separate from its owners, with its own legal rights and responsibilities. it can enter into contracts, own property, and be sued.
What is marketing?
marketing is the process of promoting, selling, and distributing products or services.
What is the Small Business Administration?
a U.S. government agency that provides support to small businesses through loans, counseling, and resources.
WHAT are the 3 P's
Product, Price, Place, and Promotion.
vie
to complete in order to get something
Like in Luca in a Disney Pixar, Luca and Alberto was vying for the trophy but there was a villain.
Define a deductible
a deductible is the amount a policyholder must pay out of pocket before an insurance company begins to pay for covered expenses.
What is an income statement?
an income statement is a financial report that shows a company’s revenues, expenses, and profits or losses over a specific period.
What is target market segmentation?
Target market segmentation involves dividing a broad consumer or business market, typically consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.
What are the three credit bureaus?
equifax
experian
Transunion
enigma
a person or thing that is mysterious, puzzling, or difficult to understand.
riddle or some sort???