Before One PLC (BON) Review Set

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Average Cost

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Tags and Description

Notecard Assignment Submission for BLC Review

27 Terms

1

Average Cost

The average cost is calculated by dividing total production costs by the number of units that are produced.

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2

Bamboo Plates and Cutlery

Environmentally conscious materials used

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3

Challenge

Obstructions for a company to conduct operations

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4

Company

a business organization which has its own legal identity and which has limited liability

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5

Contract

a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship or transaction.

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6

COVID-19 Pandemic

It has led to widespread illness, deaths, economic disruptions, and social restrictions worldwide.

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7

Credit Card

A payment card issued by a financial institution that allows the cardholder to borrow funds to make purchases, with the agreement to repay the borrowed amount along with interest.

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8

Directors

elected by shareholders to run the company on their behalf. Directors are elected because of their skills and expertise and because shareholders do not necessarily want to get involved in the daily running of the company.

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9

Employee

The staff of a business will have a direct stake in the organization they work for.

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10

Environmental Sustainability

the responsible interaction with the environment to avoid depletion or degradation of natural resources, ensuring long-term ecological balance and protection of biodiversity.

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11

Expansion Fee

Expansion fees are charges imposed by a company or organization when they increase their operations, services, or facilities. These fees help cover the costs associated with expanding and improving their offerings.

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12

Finance

Finance is the management of money and investments, including activities such as budgeting, saving, lending, and investing to achieve financial goals.

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13

Freelancer

A self-employed individual who offers services to multiple clients without a long-term commitment. They work independently on a project basis, often in creative, technical, or professional fields.

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14

Greenwashing

a marketing practice where a company presents itself as environmentally friendly to attract consumers, often by exaggerating or misrepresenting its eco-friendly efforts.

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15

Interest Rate

the cost of borrowing money or the return on investment, expressed as a percentage of the principal amount. It determines how much interest is paid or earned over a specific period.

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16

Landfill Site

A designated area where waste is disposed of by burying it underground to minimize environmental impact and manage waste disposal.

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17

Line Manager

A supervisor responsible for overseeing a specific group of employees within an organization, directly involved in day-to-day operations and ensuring tasks are completed efficiently.

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18

Location

refers to the physical site where a company operates, influencing factors like accessibility, visibility, and proximity to target markets.

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19

Music Concert

A live performance where musicians play music for an audience, typically in a formal setting like a concert hall or outdoor venue.

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20

Music Festival

A large-scale event where multiple musicians and bands perform live music for an audience over a set period of time, often featuring a variety of genres and attracting music enthusiasts from diverse backgrounds.

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21

Music Genre

A category that classifies music based on shared characteristics like rhythm, instrumentation, and style, helping to identify and organize different types of music.

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22

Music Performer

A musician who performs music for an audience, showcasing their talent and skills through live or recorded performances.

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23

private limited company (privately-held)

a business entity where the owners' liability is limited to their shares, and shares are not publicly traded.

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24

public limited company (publicly-held)

a type of business entity where ownership is through publicly traded shares on a stock exchange, allowing the general public to invest.

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25

Reservoir

a natural or artificial lake used to store water for various purposes like drinking, irrigation, or hydroelectric power generation.

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26

Solar Power

the conversion of sunlight into electricity using photovoltaic cells, offering clean, renewable energy that reduces reliance on fossil fuels and mitigates environmental impact.

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27

Temporary Workers

individuals employed by a company for a limited duration, typically to meet short-term demands or fill temporary staffing needs. They are not permanent employees and may be hired through staffing agencies or contracted directly by the employer.

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