Business Vocabulary

2. An internal source of finance consisting of earnings kept in the business rather than distributed to owners.
3. A financial objective focused on the percentage of total sales in an industry generated by a company.
5. An example of a non-financial objective for a business owner.
7. A short-term source of finance where a business buys goods from a supplier and agrees to pay for them at a later date.
8. A process used to select a group of applicants from a larger pool for an interview.
14. The profit per item expressed as a percentage of the cost per item.
15. When total costs are exactly the same as total sales.
16. ASSETS An internal source of finance involving the disposal of items owned by a business to raise funds.
17. An external source of finance where money is borrowed from a financial institution and paid back with interest.
18. Regular, ongoing costs like rent, insurance, and electricity needed to operate.
19. debts or obligations that a business owes to external parties.
21. Raising money for a new project from a large number of people via the internet.
23. The total sales revenue generated by a business during a specific period.
24. A financial document showing a business's assets, liabilities, and equity at a specific point in time.
25. Debts that a company must pay in the short term, such as trade payables.

1. Costs that do not vary regardless of the level of output.
4. The value of one currency expressed in terms of another currency.
6. The goods or stock a business currently has available for sale.
9. Price multiplied by quantity sold; the total income from sales.
10. A share of the business's profit that is paid out to its shareholders.
11. A liquidity ratio calculated by dividing current assets by current liabilities.
12. A financial document that predicts the expected inflows and outflows of cash over a specific future period.
13. Costs that change when output changes.
20. When a business is no longer able to meet its debts.
22. A short-term source of finance allowing a business to spend more money than it currently has in its bank account.