ENGINEERING

Terminologies
DEFLECTION
Deflection: How a support structure
responds to a load resting on it.
Various beam designs, for example,
flex and react differently to the loads
they are carrying.
KINETIC ENERGY
Kinetic Energy: The energy of motion,
separated into three categories. These are
Vibrational, Rotational, and Transitional,
which relate to how the movement is
made.
 SCALAR
Scalar: A physical quantity that can be
expressed as a single number e.g. 100km,
or 30
ml.
 MACHINE ELEMENTS
Machine Element: The components that
make a machine work, such as buttons,
gears, train belts, transistors, and
lubricants.
 BAND WIDTH

Band Width: The maximum amount of

hours in any given day that any employee
may work, if they so choose.
 MACHINE CODE
Object Code: Output from a machine’s
assembler that can be converted into
working machine code i.e. inherent
operational capabilities.
 AMPHOTERISM
A chemical molecule that can react equally
as an acid or base compound.
A lot of metals contain amphiprotic matter
after they oxidise.
 HALF-LIFE
Describes the mid-point separating a
known quantity to start degrading or
losing its value. Commonly used in nuclear
physics to delineate radioactive decay.
 SATISFACTION MODEL
A form of decision-making that eschews
the best, most rational
choice for an impulsive alternative.
 INDICATORS
Devices that display information, like a
screen, or flashing warning lights.
 Accounting

This concept should be in every entrepreneur’s

arsenal of basic business terms. Accounting
involves the systematic recording and reporting of
business financial transactions.
 Assets

“Assets” refers to your business’ cumulative

financial holdings. These are usually classified as
current or fixed. Current, or short-term, assets
include cash or inventory. Fixed, or long-term
assets, include equipment or land.
 Liabilities

“Liabilities are debts your business owes another

person or entity. Like assets, you’ll have to
define liabilities as current or long-term. Current,
or short-term, liabilities might include an
expense payable to a supplier. Many business
loans are long-term debts.
 Revenue

REVENUE REFERS TO THE INCOME YOU GET

FROM A BUSINESS ACTIVITY IN A GIVEN TIME.
YOU CAN CALCULATE EARNINGS BY
MULTIPLYING THE PER-UNIT COST OF
GOODS OR SERVICES BY THE NUMBER OF
UNITS SOLD.
 Balance
sheet

THIS KEY FINANCIAL DOCUMENT

PROVIDES A SNAPSHOT OF BUSINESS
ASSETS, LIABILITIES AND OWNER’S
EQUITY.
 Net profit

THIS KEY FINANCIAL DOCUMENT

PROVIDES A SNAPSHOT OF BUSINESS
ASSETS, LIABILITIES AND OWNER’S
EQUITY.
 Net loss

IF YOUR TOTAL EXPENSES EXCEED

YOUR OVERALL REVENUES, YOU
HAVE A NET LOSS. THE RISK OF A
NET LOSS IS ONE OF MANY STRONG
REASONS TO KEEP COMPANY COSTS
UNDER CONTROL.
 Cash flow

CASH FLOW IS THE MOVEMENT OF MONEY

IN AND OUT OF YOUR BUSINESS. YOU
WANT THERE TO BE A HIGHER FLOW OF
INCOME INTO THE BUSINESS THAN THERE
IS AN OUTFLOW OF EXPENSES FROM THE
BUSINESS. THIS IS
CALLED POSITIVE CASH FLOW.
Return on
investment

YOUR RETURN ON INVESTMENT, OR ROI,

SHOWS HOW MUCH YOU GAINED OR LOST
ON A BUSINESS INVESTMENT RELATIVE TO
HOW MUCH YOU SPENT ON IT. CALCULATE
ROI BY DIVIDING NET PROFIT BY THE
COST OF THE INVESTMENT.
 B2B/B2C

IS THE PURPOSE OF YOUR BUSINESS TO

SUPPLY GOODS OR SERVICES TO OTHER
BUSINESS? IF SO, YOU OPERATE
A B2B, OR BUSINESS-TO-BUSINESS,
VENTURE. ON THE FLIP SIDE OF B2B
BUSINESSES ARE B2C BUSINESSES.
THESE BUSINESSES SUPPLY GOODS OR
SERVICES DIRECTLY TO AN END USER OR
CONSUMER.
THANK YOU!!!