GLOSSARY
Transcript: GLOSSARY BUSINESS MANAGEMENT ENGINEERING ENTREPRENERUR: Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced ENTREPRENEURSHIP: The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. GLOSSARY PROFIT: The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise. RATE: the relative speed of progress or change of something variable; pace: he works at a great rate, the rate of production has doubled. . . GLOBALIZATION: The worldwide movement toward economic, financial, trade, and communications integration GOOD: Any tangible thing that is not money or real estate. Commerce: an inherently useful and relatively scarce tangible item produced from agricultural, construction, manufacturing, or mining activities. . CORPORATION: a group of people authorized by law to act as a legal personality and having its own powers, duties, and liabilities. ENTERPRISE: a company organized for commercial purposes; business firm. GLOSSARY BUDGET : An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals. BUSINESS MANAGEMENT: The activities associated with running a company, such as controlling, leading, monitoring, organizing, and planning. GLOSSARY HIGHER TECHNOLOGICAL INSTITUTE OF FELIPE CARRILLO PUERTO LIABILITY: A claim against the assets, or legal obligations of a person or organization, arising out of past or current transactions or actions. PARTNERSHIP: A type of business organization in which two or more individuals pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement. . GLOSSARY BUSINESS: An organization or economic system where goods and services are exchanged for one another or for money CAPITAL: Wealth in the form of money or assets, taken as a sign of the financial strength of an individual, organization, or nation, and assumed to be available for development or investment. ADVOCATE: Person who supports a cause and exercises his right to be heard, or represents a party before a court or tribunal to defend it or plead on behalf of it. GLOSSARY GLOSSARY TEACHER: INGRID YARENI AGUILAR ARANA STUDENTS: KARLA SANAHI KU CASTRO JULIO NOEL MENDOZA NOVELA MARIA ABIGAIL ESQUIVEL FRIAS EDDIEE OMAR SALAZAR MIRANDA “ENGLISH TECHNICAL” GLOSSARY SEMESTER: 8 H-3 FRANCHISE: A right conferred or established by a government, such as the right to vote (exercise one's franchise) in a local or national election. FREE TRADE: international trade that is free of such government interference as import quotas, export subsidies, protective tariffs, etc. . GLOSSARY GLOSSARY GLOSSARY GLOSSARY REVENUE: The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. SHAREHOLDER: An individual, group, or organization that owns one or more shares in a company, and in whose name the share certificate is issued. . Business dictionary online. (2014) Retrieved February 1 5th, 2014, from: http://www.businessdictionary.com/ Word reference dictionary online. (2014) Retrieved February 1 5th, 2014, from: www.wordreference.com . . GLOSSARY STAKEHOLDER: A person, group or organization that has interest or concern in an organization.Stakeholders can affect or be affected by the organization's actions, objectives and policies. STOCK: Equity capital raised through sale of shares. GLOSSARY TARGET: The value of an economic variable that policy makers regard as ideal and use as the basis for setting policy. Contrasts with instrument. TRADE: Commercial transaction involving the sale and purchase of a good, service, or information TURNOVER: The total money of all transactions during a specific period of time; volume. GLOSSARY SOLE TRADER: Sole owner of a business; a self-employed person. He or she directs the affairs of the enterprise, bears its risks and losses, and takes the profits and benefits. SPONSOR: A person, firm, organization, etc., that finances and buys the time to broadcast a radio or television program so as to advertise a product, a political party, etc.
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