BUSINESS ESSENTIALS FULL REVISION NOTES
WITH MANAGEMENT, MARKETING, AND
FINANCE CONCEPTS
◉ What is the professional significance for digital footprints in
business.
Answer: Critical for students entering the workforce, influencing
career and business outcomes.
◉ Data Breach Impacts.
Answer: Can cause financial loss and damage to reputation.
◉ Security protocols.
Answer: Formal rules, algorithms, and procedures designed to
ensure secure communication and data transfer between devices or
systems over a network. Vital for safeguarding data and preventing
breaches.
◉ Regulatory compliance.
Answer: Organization adheres to all relevant external laws,
regulations, standards, and ethical practices mandated by
government agencies and industry bodies. Following privacy laws is
key for trust and legality.
,◉ Digital security.
Answer: Defends against cyber threats, crucial for business integrity.
◉ Equifax Data Breach.
Answer: 147 million consumers had personal info. exposed. Failure
to apply a crucial software patch led to a security system breach.
Faced lawsuits, criticism, and diminished consumer trust.
◉ time value of money.
Answer: principle that invested money grows, over time, by earning
interest or some other form of return
◉ compound growth.
Answer: compounding of interest over time-with each additional
time period, interest returns accumulate and earn more interest
◉ stock.
Answer: portion of ownership of a corporation
◉ common stock.
Answer: most basic form of ownership, including voting rights on
major issues, in a company
,◉ market value.
Answer: current price of a share of stock in the stock market
◉ book value.
Answer: value of a common stock expressed as the firm's owners'
equity divided by the number of common shares
◉ dividend.
Answer: payment to shareholders, on a per-share basis, out of the
company's earnings
◉ blue-chip stock.
Answer: common stock issued by a well-established and respected
company with a sound financial history and stable pattern of
dividend payouts
◉ mutual fund.
Answer: company that pools cash investments from individuals and
organizations to purchase a portfolio of stocks, bonds, and other
securities
◉ no-load fund.
, Answer: mutual fund in which investors pay no commissions when
they buy in or sell out
◉ load fund.
Answer: mutual fund in which investors are charged sales
commissions when they buy in or sell out
◉ exchange-traded fund.
Answer: bundle of stocks or bonds that are in an index that tracks
the overall movement of a market but unlike a mutual fund can be
traded like a stock
◉ securities.
Answer: stocks, bonds, and mutual funds representing secure, or
asset based, claims by investors against issuers
◉ securities markets.
Answer: markets in which stocks and bonds are sold
◉ primary securities market.
Answer: market in which new stocks and bonds are bought and sold
by firms and governments
WITH MANAGEMENT, MARKETING, AND
FINANCE CONCEPTS
◉ What is the professional significance for digital footprints in
business.
Answer: Critical for students entering the workforce, influencing
career and business outcomes.
◉ Data Breach Impacts.
Answer: Can cause financial loss and damage to reputation.
◉ Security protocols.
Answer: Formal rules, algorithms, and procedures designed to
ensure secure communication and data transfer between devices or
systems over a network. Vital for safeguarding data and preventing
breaches.
◉ Regulatory compliance.
Answer: Organization adheres to all relevant external laws,
regulations, standards, and ethical practices mandated by
government agencies and industry bodies. Following privacy laws is
key for trust and legality.
,◉ Digital security.
Answer: Defends against cyber threats, crucial for business integrity.
◉ Equifax Data Breach.
Answer: 147 million consumers had personal info. exposed. Failure
to apply a crucial software patch led to a security system breach.
Faced lawsuits, criticism, and diminished consumer trust.
◉ time value of money.
Answer: principle that invested money grows, over time, by earning
interest or some other form of return
◉ compound growth.
Answer: compounding of interest over time-with each additional
time period, interest returns accumulate and earn more interest
◉ stock.
Answer: portion of ownership of a corporation
◉ common stock.
Answer: most basic form of ownership, including voting rights on
major issues, in a company
,◉ market value.
Answer: current price of a share of stock in the stock market
◉ book value.
Answer: value of a common stock expressed as the firm's owners'
equity divided by the number of common shares
◉ dividend.
Answer: payment to shareholders, on a per-share basis, out of the
company's earnings
◉ blue-chip stock.
Answer: common stock issued by a well-established and respected
company with a sound financial history and stable pattern of
dividend payouts
◉ mutual fund.
Answer: company that pools cash investments from individuals and
organizations to purchase a portfolio of stocks, bonds, and other
securities
◉ no-load fund.
, Answer: mutual fund in which investors pay no commissions when
they buy in or sell out
◉ load fund.
Answer: mutual fund in which investors are charged sales
commissions when they buy in or sell out
◉ exchange-traded fund.
Answer: bundle of stocks or bonds that are in an index that tracks
the overall movement of a market but unlike a mutual fund can be
traded like a stock
◉ securities.
Answer: stocks, bonds, and mutual funds representing secure, or
asset based, claims by investors against issuers
◉ securities markets.
Answer: markets in which stocks and bonds are sold
◉ primary securities market.
Answer: market in which new stocks and bonds are bought and sold
by firms and governments
