Vocab Group 1

To keep business information a secret.

• comfort engaging with strangers

• communication skills

• confidentiality

• business ethics

Money owed by a company to a supplier. 

• account payable

• account receivable

• collateral

• bond

Goods that are pledged to the bank in the case that the company can't make a loan payment.

• comission

• assets

• brokerage

• collateral

The ability to interact in a friendly and effective way with people you do not know.

• business ethics

• comfort engaging strangers

• corporate social responsibility

• communication skills

The unit price minus the cost of the good sold.

• contribution margin

• capital expenditures

• account payable

• cost of goods sold

The ability to accurately convey information.

• comfort engaging strangers

• computer literacy

• business ethics

• communication skills

Money owed by a customer to a company.

• bond

• conflict of interest

• account receivable

• account payable

Typically friends or family who make investments in an enterprise in order to help support an entrepreneur.

• angel investors

• brokerage

• corporation

• communication skills

Money you are paid when you sell something.

• costs of goods sold

• capital

• bond

• commission

A determination of how many units you have to sell in order to pay for all of the fixed costs.

• contribution margin

• breakeven analysis

• costs of goods sold

• capital expenditures