7. Balance sheet (баланс) or statement of financial position is a summary of a persons or organization's assets, liabilities and Ownership equity on a specific date, such as the end of its financial year.

8. Banker or bank (банк) is a financial institution that acts as a payment agent for customers, and borrows and lends money.

9. Business (бізнес) (also called firm or enterprise) is a legally recognized organizational entity designed to provide goods and/or services to consumers or corporate entities such as governments, charities or other businesses.

10. Business cycle (економічний цикл) or economic cycle refers to the fluctuations of economic activity about its long term growth trend.

11. Business plan (бізнес-план) is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals.

12. Capital (капітал) is the area of a country regarded as enjoying primary status; it is almost always the city which physically encompasses the offices and meeting places of the seat of government and fixed by law, but there are a number of exceptions.

13. Change (зміна) is to add to, to make different in some way.

14. Communication (комунікація) is the process of transfering information from a sender to a receiver with the use of a medium in which the communicated information is understood by both sender and receiver.

15. Competition (конкуренція) is the rivalry of two or more parties over something.

16. Computer engineering (комп’ютерна інженерія) (or Computer Systems Engineering) encompasses broad areas of both electrical engineering and computer science.

17. Computer networking (комп’ютерні мережі) is the engineering discipline concerned with communication between computer systems or devices.

18. Computer programming (комп’ютерне програмування) is the process of writing, testing, debugging/troubleshooting, and maintaining the source code of computer programs.

19. Computer science (комп’ютерні науки) (or computing science) is the study of the theoretical foundations of information and computation and their implementation and application in computer systems.

20. Consumers (споживачі) refers to individuals or households that use goods and services generated within the economy.

21. Control (контроль) is one of the managerial functions like planning, organizing, staffing and directing. It is an important function because it helps to check the errors and to take the corrective action so that deviation from standards are minimised and stated goals of the organisation are achieved in desired manner.

22. Control system (система контролю) is a device or set of devices to manage, command, direct or regulate the behavior of other devices or systems.

23. Corporation (корпорація) is a legal entity (technically, a juristic person) which has a legal personality distinct from those of its members.

24. Credit (кредит) is the provision of resources (such as granting a loan) by one party to another party where that second party does not reimburse the first party immediately, thereby generating a debt, and instead arranges either to repay or return those resources (or material(s) of equal value) at a later date.

25. Customer (споживач) refers to individuals or households that purchase goods and services generated within the economy.

26. Customer service (служба роботи з покупцями) (also known as Client Service) is the provision of service to customers before, during and after a purchase.

27. Data (дані) refers to a collection of natural phenomena descriptors, including the results of experience, observation or experiment, or a set of premises.

28. Data analysis (аналіз даних) is the process of looking at and summarizing data with the intent to extract useful information and develop conclusions.

29. Debit (дебет) is a payment method that allows an organisation to instruct their bank to collect varying amounts directly from customers' accounts.

30. Decision making (прийняття рішень) can be regarded as an outcome of mental processes (cognitive process) leading to the selection of a course of action among several alternatives.

31. Decision support systems (системи підтримки рішень) are a class of computer-based information systems including knowledge based systems that support decision making activities.

32. Distribution (розподіл) (or placement) is one of the four aspects of marketing.

33. Economic policy (економічна політика) refers to the actions that governments take in the economic field.

34. Economic system (економічна система) is a particular set of social institutions which deals with the production, distribution and consumption of goods and services in a particular society.

35. Executive Information System (виконавча інформаційна система) (EIS) is a type of management information system intended to facilitate and support the information and decision making needs of senior executives by providing easy access to both internal and external information relevant to meeting the strategic goals of the organization.

36. Expense (витрати) or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs.

37. Experience (досвід) as a general concept comprises knowledge of or skill in or observation of some thing or some event gained through involvement in or exposure to that thing or event.

38. Experiment (експеримент) is a set of observations performed in the context of solving a