English 1 2
Terms
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- group of people elected by stockholders to manage a corporation
- board of directors
- all items of value owned by a business or individual
- assets
- That which had been added as a natural increase, such as interest on money
- accural
- increase in the value of an asset over a period of time
- appreciation
- an entry of something owed in an account, the left-hand side of an account, where such entries are made
- debit
- the overall financial plan of the corporation or indiviudal, indicating proposed receipts and expenditures
- budget
- material goods (factory, equipment, etc.) used yo ptoduce profit
- capital resources
- anything that is bought and sold
- commodity
- a decrease in the value of an asset from age, wear, obsolescence, etc.
- depreciation
- the desire and teh ability of consumers to pay
- demand
- a charge for the use of a credit covering the merchant's or banker's, etc. cost of handling the credit account
- finance charge
- the amount a property is worth beyond what is owed on it
- equity
- the promise to replace or repair a purchased product or to refund money paid if the product is not as represented
- guarantee
- to predict, using statistics, the amount of goods to be manufactured and sold during a stated period of time
- forecast
- having to do with the funds and financial affairs of a business entity or government unit.
- fiscal
- a benefit given to an employee in addition to wages and those compensations required by law: health insurance, paid vacation, etc.
- fringe benefits
- the increase in the price of a product from the wholesale to the reatil level
- markup
- the fact of drawing up characters and other legal papers to convert a business into a corporation
- incorporation
- a sharp increase in prices resulting from too great an increase in money or bank credit
- inflation
- a laying out of money for something that is expected to produce a profit or benefit
- investment
- general business expenses incurred in operating a business, such as retail lighting, salaries, rent, etc.
- overhead
- the amount received after taxes and other items are deducted
- net income
- a means of furthering sales through advertising
- promotion
- a formula showing how average pridces have changed over a period
- price index
- the amount of money obtained from the sale of goods or services
- proceeds
- the forecasting of business production based on past performance
- projection
- the sale od products in small quantities directly to the consumer
- retail
- a change in destination of goods during transportation
- reconsignment
- a grant of moeny, especially one made by government
- subsidy
- a mark, picture, name, word, symbol, or letter owned and used by manufacturers or merchants to distinguish their goods
- trademark
- the sale of goods, usually in large quantities to retailers rather than directly to consumers
- wholesale