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Student's Book Form Five
Profit financial surplus obtained by a business after deducting
all expenses from total revenue
Promoter an individual or entity responsible for initiating and
organising activities to advance a cause, project, or
initiative
FOR ONLINE READING ONLY
Redeemable debentures type of debt that a business issues to raise capital or
funds from the public which have a fixed maturity
date to return the principal amount of investment to
the investors
Risk the probability of experiencing adverse events, losses,
or outcomes that may affect the operations of businesses
or individuals
Share an ownership unit of a business
Stock exchange market a centralized marketplace that provides a platform for
investors to trade securities such as stocks, bonds, and
derivatives
Tax a mandatory financial charge imposed by governments
on individuals, businesses, or other entities to fund
public expenditure
Tax avoidance legitimate ways through which individuals or businesses
use to minimise their tax liability
Tax evasion illegal practices undertaken by individuals or businesses
to avoid paying taxes owed to the government and
minimise their tax liability
Value Added Tax (VAT) a consumption tax levied on the value added to goods
and services at each stage of production, distribution,
import, and export until the product reaches the final
consumer/user
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