ESB Vocabulary Flashcard 2

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Commission:

Back

A monetary amount given to employees in return for their work.

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Compensation:

Back

A monetary amount given to employees in return for their work.

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Confidentiality Agreement:

Back

A signed agreement stating that an entity will not disclose information agreed upon by all parties in an arrangement.

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Contract:

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A legally binding agreement between two parties.

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COO:

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The Chief Operating Officer holds a leadership role within a business. Is responsible for overseeing the day-to-day administrative and operational functions of a business.

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What is copyright?

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A form of protection individuals can implement to protect their intellectual property. Designated for print, music, film, and various other forms of creative licenses.

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Critical Thinking:

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Using one's mind to solve a problem in the best way by considering various potential solutions to the problem.

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Crowdfunding:

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The method of sharing a start-up business online to pre-sell products.

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What is a customer?

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An individual or business that purchases goods and services from a business.

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Customer Acquisition Cost:

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The total cost of acquiring a new customer.