What are the main business terms?
BUSINESS TERM DEFINITIONS
- 1) BALANCE SHEET. The balance sheet documents a company’s financial health at specific points in time, usually at the end of the quarter or fiscal year.
- 2) ASSETS.
- 3) LIABILITIES.
- 4) EQUITY.
- 5) INCOME STATEMENT.
- 6) REVENUE.
- 7) EXPENSE.
- 8) PROFIT.
What are good business terms?
‘ A ‘good’ is a product. Economists say that the term refers to materials that satisfy human wants. They also provide utility, for example, to a shopper who buys a satisfying product.
What is business simple word?
A business is an organization where people work together. In a business, people work to make and sell products or services. Other people buy the products and services. The business owner is the person who hires people for work. A business can earn a profit for the products and services it offers.
How can I learn business terms?
Improve your Business Vocabulary
- Forget translating. Learn to understand business terms directly in English without even translating them in your mind.
- Create your own mini-dictionary.
- Start with what you know.
- Listen out for business talk.
- Read about business.
- Focus on pronunciation.
- Fun quizzes.
What are key financial terms?
Liability – any financial expense or amount owed. Line of credit – an agreement allowing a borrower to withdraw money from an account up to an approved limit. Liquidate – to quickly sell all the assets of a company and convert them into cash. Liquidation – the process of winding up an insolvent company.
What are the management terms?
General Project Management Terms
- Project Plan. A project plan is one of the key formal documents created before starting any project.
- Work Breakdown Structure (WBS)
- Critical Path Method (CPM)
- Project Manager.
- Project Stakeholder.
- Project Portfolio Management.
- Collaboration.
- Agile Project Management.
How can I improve my business vocabulary?
What is cash business term?
Cash refers to the physical money a business has in notes and coins, along with any money it has in the bank. The management of cash is very important as cash allows a business to pay its bills. The main cash payments a business makes include: payments to suppliers. payments to employees.
What is the business term for money?
Net assets (also known as net worth, owner’s equity or shareholder’s equity) – the total assets minus total liabilities. Net income – the total money earned by a business after tax and other deductions. Net profit (also known as your bottom line) – the total gross profit minus all business expenses.
What is a key term?
or key word Also called catchword. Library Science. a significant or memorable word or term in the title, abstract, or text of a document or other item being indexed, used as the index entry.
What are the 6 types of accounts?
Some people think banks just offer checking and savings accounts, but there are actually other types of bank accounts that financial institutions commonly offer.
- Bank accounts at a glance.
- Checking accounts.
- Savings accounts.
- Money market accounts.
- Certificates of deposit (CDs)
- Individual retirement arrangements (IRAs)