ESB Vocabulary Flashcard #3

Front

Franchise:

Back

A business that takes its name and characteristics from an existing business chain.

Front

Grit:

Back

The characteristic of being able to tackle goals with courage and perseverance.

Front

Growth Mindset:

Back

Believing that one can accomplish anything with hard work.

Front

Hourly Pay:

Back

A payment amount provided to employees for the number of hours they worked.

Front

Income Statement:

Back

A financial statement that details a business's revenue and expenses for a given period.

Front

Initiative: A characteristic in which an individual acts to turn ideas into action.

Back

A characteristic in which an individual acts to turn ideas into action.

Front

Innovation:

Back

A new idea, product, or method.

Front

Intellectual Property:

Back

A creative work or invention to which an individual has been given rights.

Front

Inventory:

Back

Goods a business owns with the purpose of selling.

Front

Investor:

Back

A person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money.