FINANCE BRO
A form of security that indicates the holder has proportionate ownership in the issuing corporation
What is a Stock?
Costs that do not vary with output in the short run (e.g. rent, salaries)
What is a Fixed Cost?
When someone is able to work and wants to work but is unable to find employment
What is unemployment?
The percentage of sales in the total market sold by one business
What is Market Share?
Someone who takes the financial risk of starting and managing a new venture
What is an Entrepreneur?
The process of offering shares of a private corporation to the public in a new stock issuance for the first time
What is an Initial Public Offering (IPO)?
A financial statement used for reporting a company's financial performance over a specific accounting period
What is an Income Statement?
Changes in the government spending levels and tax rates
What is fiscal policy?
A business model based on e-commerce that creates a facility that allows consumers to trade with each other (eg. eBay, Facebook Marketplace)
What is Consumer to consumer (C2C)?
A written document that describes a business and its objectives, strategies, market, and financial forecasts
What is a Business Plan?
The director of the "Wolf of Wall Street" movie
What is Martin Scorsese?
Records the revenue, costs, and profit (or loss) of a business over a given period of time
What is a Profit and Loss Account?
No restrictions or trade barriers exist that might prevent or limit trade between countries
What is Free Trade?
The market segment that a particular product is aimed at
What is a Target Market?
A statement of the business’s core aims, phrased in a way to motivate employees and to stimulate interest by outside groups
What is a Mission Statement?
The distribution of corporate profits to qualified shareholders, as determined by the company's board of directors
What is a Dividend?
An accounting statement that records the values of a business’s assets, liabilities, and shareholder’s equity at one point in time
What is a Balance Sheet?
A set of actions to control a nation's overall money supply and achieve economic growth
What is Monetary Policy?
The chain of intermediaries a product passes through from producer to final consumer
What is a Channel of Distribution?
A statement of what the organization would like to accomplish in the long-term
What is a Vision Statement?
The largest stock exchange in the world based on the total market capitalization of its listed securities
What is a New York Stock Exchange (NYSE)?
When a firm ceases trading and its assets are sold for cash
What is Liquidation?
A monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries
What is Gross domestic product (GDP)?
Setting a relatively low price often supported by strong promotion in order to achieve a high volume of sales
What is Penetration Pricing?
Someone within a large corporation who takes direct responsibility for turning an idea into a profitable finished product using “entrepreneurial” skills
What is an Intrapreneur?