, Acquisition Cost - answer-the cost of obtaining data that you don't have
b b b b b b b b b b b
Contingency costs - answer-amount of money included to cover potential events that
b b b b b b b b b b b
are not specifically accounted for in a cost estimate
b b b b b b b b b
Variable Cost - answer-a cost that rises or falls depending on how much is produced
b b b b b b b b b b b b b b
fixed costs - answer-costs that do not vary with production or sales level
b b b b b b b b b b b b
pro forma - answer-financial statement
b b b b
Small Business Administration (SBA) - answer-government agency that helps small
b b b b b b b b b
business owners develop business plans and obtain financing
b b b b b b b b
Limited Liability Company (LLC) - answer-a form of business ownership that offers both
b b b b b b b b b b b b
limited liability to its owners and flexible tax treatment
b b b b b b b b b
S cooperation - answer-a small business entity that is created under state laws
b b b b b b b b b b b b
liquid assets - answer-cash and items that can be quickly converted to cash
b b b b b b b b b b b b
Assets - answer-resources owned by a business
b b b b b b
dividend - answer-The portion of corporate profits paid out to stockholders
b b b b b b b b b b
liability - answer-An amount owed by a business
b b b b b b b
Net Income - answer-the difference between total revenue and total expenses when
b b b b b b b b b b b
total revenue is greater
b b b b
shareholder - answer-Individual who owns part of a corporation
b b b b b b b b
account payable - answer-money owed for products and services purchased on credit
b b b b b b b b b b b
Accounts Receivable - answer-Amounts to be received in the future due to the sale of
b b b b b b b b b b b b b b
goods or services
b b b
Angel Investors - answer-individuals who invest in start-up companies with high growth
b b b b b b b b b b b
potential in exchange for a share of ownership
b b b b b b b b
b b b b b b b b b b b
Contingency costs - answer-amount of money included to cover potential events that
b b b b b b b b b b b
are not specifically accounted for in a cost estimate
b b b b b b b b b
Variable Cost - answer-a cost that rises or falls depending on how much is produced
b b b b b b b b b b b b b b
fixed costs - answer-costs that do not vary with production or sales level
b b b b b b b b b b b b
pro forma - answer-financial statement
b b b b
Small Business Administration (SBA) - answer-government agency that helps small
b b b b b b b b b
business owners develop business plans and obtain financing
b b b b b b b b
Limited Liability Company (LLC) - answer-a form of business ownership that offers both
b b b b b b b b b b b b
limited liability to its owners and flexible tax treatment
b b b b b b b b b
S cooperation - answer-a small business entity that is created under state laws
b b b b b b b b b b b b
liquid assets - answer-cash and items that can be quickly converted to cash
b b b b b b b b b b b b
Assets - answer-resources owned by a business
b b b b b b
dividend - answer-The portion of corporate profits paid out to stockholders
b b b b b b b b b b
liability - answer-An amount owed by a business
b b b b b b b
Net Income - answer-the difference between total revenue and total expenses when
b b b b b b b b b b b
total revenue is greater
b b b b
shareholder - answer-Individual who owns part of a corporation
b b b b b b b b
account payable - answer-money owed for products and services purchased on credit
b b b b b b b b b b b
Accounts Receivable - answer-Amounts to be received in the future due to the sale of
b b b b b b b b b b b b b b
goods or services
b b b
Angel Investors - answer-individuals who invest in start-up companies with high growth
b b b b b b b b b b b
potential in exchange for a share of ownership
b b b b b b b b
