General Topics
A form of business organization defined as an association of two or more persons operating as co-owners.
Partnership
A person who organizes and manages any enterprise, usually with considerable initiative and risk.
Entrepreneur
The total value of a company's shares (=number of shares x their market price)
Market capitalization
The adjective related to ethics.
Ethical
Money given to someone so that they behave unethically
Bribes
'R&D' stands for:
Research & development
The primary goal of all businesses
To earn profit
Business transactions
Dealings
Temporary failure to act in the correct way .
Ethical lapse
A business's obligation to maximize its positive impact and minimize its negative impact on society.
Social responsibility
= net profit after tax
net income
To think outside the box
To think creatively in a different way to how most people think
Documents giving details of products that someone has bought, and requesting payment for them.
Invoices
Completely open about what they do and able to explain their actions.
Accountable
Formalized rules and standards that describe what a company expects of its employees.
What is the company's code of ethics
A written description of a new business venture that describes all aspects of the business.
What is a business plan?
The total amount of money being transferred into and out of a business
What is cash flow?
People who own shares in a company and want to prevent the company operating in a country whose government they disapprove of.
Activist shareholders
Choosing between the welfare of the organization and the individual's advancement of personal interests.
What is conflict of interest
Principles and standards that determine acceptable conduct in business.
What is business ethics
Material before being processed or manufactured into a final form.
Raw material
To take the plunge
To do something you really want to do, even though it might be dangerous or risky
A company that has a board structure that flows best practice in this area.
Good corporate governance.
With this, companies are establishing systematic rules for their behaviour on moral, social and environmental issues.
Corporate social responsibility (CSR)
Employees working very long hours for very low wages.
Sweatshop labour