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Published byJames Stevenson Modified over 8 years ago
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BIZ WORLD VOCAB BUSINESS 101
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BUSINESS a person or group of people who create and sell products and/or services in order to make money
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DEPOSIT MONEY PUT INTO AN ACCOUNT
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ENTREPRENEUR a person who takes on the risk of beginning and operating a new business
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EXPENSE a cost associated with operating a business
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FINANCE the management of money and other items of value
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LOSS TOTAL EXPENSES EXCEED TOTAL REVENUE; OPPOSITE OF PROFIT
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PITCH A PRESENTATION MADE TO CONVINCE SOMEONE (A VC) TO INVEST MONEY IN A COMPANY
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PRODUCT something made by humans, machines, or nature
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PROFIT money made by a company, after expenses have been paid
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RECONCILE TO CHECK FOR ACCURACY
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RENT money regularly paid to use or occupy a space
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REVENUE MONEY A COMPANY EARNS FROM SELLING A PRODUCT OR SERVICE
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SALARY money a person is paid for working
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SERVICE work that someone does for another person
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STOCK PIECES OF OWNERSHIP IN A COMPANY; A PIECE OF STOCK IS CALLED A “SHARE” OF STOCK
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VENTURE CAPITALIST A PERSON WHO INVESTS MONEY IN NEW AND INNOVATIVE BUSINESSES
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WITHDRAWAL MONEY TAKEN OUT OF AN ACCOUNT
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STUDY FOR VOCAB QUIZ!
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