Buss in ess
One person makes all decisions
Autocratic
Resources owned by a business
Assets
Dow Jones, S&P 500, NASDAQ
Major stock market indexes
The difference between essential and non-essential goods
Wants Vs Needs
A business owned by one person
Sole Proprietorship
Employees participate in participate in decision making
Democratic
Debts or obligations
Liabilities
A share in ownership of a company
Stock
Limited resources influencing business decisions
Scarcity
Partnership
Encouraging people to join the trend
Bandwagon
The ability to turn assets into cash quickly
Liquidity
Dividends
Price and availability affect
Supply and Demand
Non-profit
Using celebrities to endorse a product
Testimonials
A snapshot of a company's financial positions
Balance sheet
A market in decline
A bear market
The cost of choosing one thing over another
Opportunity cost
A business where the company is taxed separately from owners
C Corporation
Presenting biased or one sided information
Card stacking
Accounting Equation
Assets = liabilities + owners' equity
Ticker Symbol
Weighing pros and cons before making business decisions
Cost & Benefit Analysis
A type of business that allows profits and losses to pass through shareholder's personal tax returns, avoiding corporate income tax
S Corporation