Unit 3: Entrepreurship Vocab

These are expenses incurred during the process of creating a new business.

• Operating Costs

• Revenue

• Start Up Costs

• Payroll

These are expenses associated with the day-to-day maintenance and administration of a business.

• Net Income

• Operating Income

• Operating Costs

• Profit

This is the money paid to employees for work over a set time period.

• Revenue

• Payroll

• Operating Income

• Start Up Costs

This is the amount of money a company brings in through the sale of its goods and services.

• Profit

• Operating Costs

• Revenue

• Net Income

This is the money a business earns after subtracting all of its expenses. It’s the financial gain or reward a business receives for its efforts and successful operations.

• Revenue

• Operating Income

• Profit

• Payroll

This is the amount of revenue remaining after deducting total operational expenses. This money could be saved, reinvested back into the business, or used to pay off any debts.

• Start Up Costs

• Operating Income

• Net Income

• Profit

This is the money a company/individual has remaining after subtracting all the expenses from their total revenue, representing the profit or loss for a period of time.

• Operating Income

• Start Up Costs

• Net Income

• Payroll