BOARD OF DIRECTORS－ the top officials of a corporation who are responsible in the formulation of its policies.
STOCKHOLDERS－ one who owns a share or shares of stock in a corporation.
SALES－ activities involved in selling goods and services.
INCOME－ amount of money received in exchange for services rendered or sale of good.
TAX－ a contribution paid to the government for income received during a particular period.
INSURANCE－ contract made whereby one patry indemnify another against damage,loss or injury and the other to pay a premium in return.
INCOME TAX－ tax levied on net personal or business income.
NET PROFIT－ money left after all deductions have been made.
BREAK EVEN－ an amount equal to that invested.
RATIO－ relation in degree or number between two similar things.