2-Word Business Terms
A specific group of customers at which a company aims its products and services
What is Target Market?
A business owned and controlled by those who use its services.
What is cooperative?
A group of twenty-seven countries that have eliminated trade barriers among themselves
What is the European Union (EU)?
The total value of a business
What is Net worth?
A situation in which you’ll have to choose between taking action that promotes your personal interest and action that favors the interest of others.
What is Conflict of interest?
The ratio of profit divided by revenue displayed as a percentage
.
What is Profit Margin?
Corporations are owned by
What are shareholders?
An agreement among the governments of the United States, Canada, and Mexico to open their borders to unrestricted trade
What is The North American Free Trade Association (NAFTA)?
The amount of time it takes to recover the initial investment of a business
What is the Payback Period?
A morally problematic situation: You have to pick between two or more acceptable but often opposing alternatives that are important to different groups.
What is an Ethical Dilemma?
an individual who exposes illegal or unethical behavior in an organization
What is a whistle-blower?
When Corporations are taxed on their earnings and when these earnings are distributed as dividends, the shareholders also pay taxes on these dividends this is called
What is Double Taxation?
Taxes on imports
What are Tariffs?
How much money a business gets in return from an investment
What is the Return on Investment?
A document describing the principles and guidelines that all employees must follow in the course of all job-related activities.
What is a Code of conduct?
has a single general partner who runs the business and is responsible for its liabilities, plus any number of limited partners who have limited involvement in the business and whose losses are limited to the amount of their investment.
What is a limited partnership?
Someone who identifies a business opportunity and assumes the risk of creating and running a business to take advantage of it.
What is an entrepreneur?
Loans money to countries with troubled economies
What is the International Monetary Fund (IMF)?
Expenses that change in proportion to the activity of a business
What is Variable Cost?
Refers to the approach that an organization takes in balancing its responsibilities toward different stakeholders when making legal, economic, ethical, and social decisions.
What is Corporate social responsibility?
A business owned by only one person.
What is a Sole proprietorship?
A document that identifies the goals of your proposed business and explains how it will achieve them.
What is a business plan?
Encourages global commerce and lower trade barriers, enforces international rules of trade, and provides a forum for resolving disputes
What is the World Trade Organization (WTO)?
A one-time expense that doesn’t vary with business volume
What is Fixed cost?
to safeguard the company’s assets and handle its funds in a trustworthy manner.
What is Fiduciary responsibility?