(1.2) Vocabulary

Vocabulary Terms

After completing the upcoming module you should have an understanding of and be able to define the following vocabulary terms. You’ll find the them throughout the module, on the sticky notes, and online. If you find these definitions online then your definition might be slightly different than ours, but as long as you understand the material you’ll have to issues in the upcoming Vocabulary Quiz.
Module 1 Vocabulary
Feel free to download this document with the Module 1 Vocabulary terms. You can print it out, or type directly in it.

1. Business plan
2. Entrepreneur
3. Mentor
4. Accounting
5. Revenues
6. Expenses
7. Accounts receivables
8. Chamber of Commerce
9. Market niche
10. Scarcity
11. Risk
12. Assets
13. Balance sheet
14. Income statement (P&L’s)
15. Cash flow statement
16. SCORE
17. Basic accounting equation
18. Liabilities
19. Owner equity