Account - a record of debit and credit entries to cover transactions

involving a particular item or a particular person or concern

Accounting - is the process of systematically collecting, analyzing
and reporting financial information
Advertising - is a form of communication intended to persuade an
audience (viewers, readers or listeners) to purchase or take some
action upon products, ideas, or services
Application letter - is a document sent with your resume to provide
additional information on your skills and experience
Auction - is a process ofbuying and selling goods or services by
offering them up for bid, taking bids, and then selling the item to the
highest bidder
Balance sheet - is the statement of financial position of a summary of
a firms assets, liabilities and owners equity at a particular time
Bank - An organization, usually a Corporation, chartered by a state or
federal government, which does most or all of the following: receives
demand deposits and time deposits, honors instruments drawn on
them, and pays interest on them; discounts notes, makes loans, and
invests insecurities; collects checks, drafts, and notes; certifies
depositor's checks; and issues drafts and cashier's checks
Board of directors - is the top governing body of a Corporation
Bond - is a long-term, interest-bearing promissory note that
companies may use to borrow money for periods of time such as five,
ten, or twenty years
Bookkeeping - is the routine, day-to-day record keeping that is
necessary part of accounting
Business - is an economic institution whose goal is economic survival
and whose activities are dominated by the profit motivate Business
Negotiation - describes any communication process between
individuals that is intended to reach a compromise or agreement to
the satisfaction of both parties

Business writening - includes both internai Communications within

the company and externai Communications interfacing with the
public or other organizations on behalf of the business
Contract - is a legally enforceable agreement between two or more
parties with mutual obligations
Consumer - is a broad labei for any individuals or households that
use goods and services generated within the economy
Corporation - is a legal entity that is created under the laws of a State
designed to establish the entity as a separate legal entity having its
own privileges and liabilities distinct from those of its members
Customs - government agency entrusted with enforcement of laws
and regulations to collect and protect import - revenues, and to
regulate and document the flow of goods in and out of the country
Fair competition - Competition based on the factors of price, quality,
and service, not on the abuse of near-monopoly powers, competitor
bashing, predatory pricing, etc.
Finance - Abranch of economics concerned with resource allocation
as well as resource management, acquisition and investment
Financing - The act of providing funds for business activities, making
purchases or investing
Income statement - is a summary of a firms financial operations
during a specified accounting period that shows the gross profit on
sales of a company which is computed by subtracting the cost of
goods sold from net sales Interview - is a conversation between two
people (the interviewer and the interviewee) where questions are
asked by the interviewer to obtain information from the interviewee
Loan - Written or oral agreementfor a temporary transfer of a
property (usually cash) from its owner (the lender) to a borrower
who promises to return it according to the terms of the agreement,
usually with interest for its use
Management - is an conscious process by which individual ang
group action is coordinated to improve profits, reduce costs, or
improve delivery service of an organization

Market economy - is an economic system which brings together

natural resources, labour supply and technology and which is
principally privately owned and where government has to some
extent always been involved in regulating and guiding the economy
Marketing - is the activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings that
have value for customers, clients, partners, and society at large
Mass media - Non-personal channels of broadcasting a message to
the general public, principally the naional newspapers, radio, and
television
Minute - also known as protocols, are the instant written record of a
meeting or hearing. They typically describe the events of the meeting,
starting with a list of attendees, a statement of the issues considered
by the participants, and related responses or decisions for the issues.
Money - is any object or record, that is generally accepted as payment
for goods and services and repayment of debts in a given country or
socio-economic context
Offer - A proposal that is made to a certain individual or legal entity
to enter into a contract, that is definite in its terms, and that indicates
the offeres's intent to be bound by an acceptance Partnership - is
defned as an association of two or more persons to act as coowners
of a business for profit
Press - A public relations announcement issued to the news media
and other targeted publications for the purpose of letting the public
know of company developments
Price - is the quantity of payment or compensation given by one
party to another in return for goods or services
Producer - An individual or organization that creates goods and
services
Product - any tangible output or service that is a result of a process
and that is intended for delivery to a customer or end user
Promotion - is the communication link between sellers and buyers for
the purpose of influencing, informing, or persuading a potential
buyer's purchasing decision

Report - A piece of information describing, or an account of certain

events given or presented to someone
Retailing - is selling goods and services to the ultimate consumer
Share/stock - is a certificate of ownership that represents an equal
share in the ownership of a Corporation
Sole - proprietorship - is a business that is owned and usually
operated by one persons
Wholesale - is defined as the sale of goods or merchandise to
retailers, to industrial, commercial, institutional, or other professional
business users, or to other wholesalers and related subordinated
services