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Business & Management: Definitions

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Term Definition
8-K (Form 8-K) A report filed by public companies with the SEC to notify shareholders of significant events that may impact the company's financial position.
10-K (Form 10-K) An annual report filed by public companies with the SEC, providing a comprehensive overview of the company's financial performance, risks, and management discussion.
10-Q (Form 10-Q) A quarterly report submitted by public companies to the SEC, summarizing financial results and disclosing key information between annual reports.
Annual Report A comprehensive document, typically including financial statements and management analysis, summarizing a company's performance over the past year. (See 10-K).
Business Entity Search A process to look up and retrieve information about a business entity conducted through state government databases which provides information such as a company's registered name, business status, registration date, registered agent, business address, and sometimes details about its officers or owners.
Case Study An in-depth analysis of a particular business situation or problem, often used in business education to enhance critical thinking and problem-solving skills.
Company Profile A concise summary highlighting key information about a company, including its history, products, financials, and other relevant details. Availble through the Data Axle, Mergent and PrivCo in the Data Sources for Businesses section.
Corporation A legal entity separate from its owners, offering limited liability to shareholders and often characterized by centralized management.
LLC Limited Liability Corporation. A flexible business structure that combines elements of partnerships and corporations, providing limited liability to its owners (members).
NAICS North American Industry Classification System. A standard system used to classify business establishments based on their primary economic activity.
Patent A legal document granting exclusive rights to an inventor for a new and useful invention for a limited period.
Press Release An official statement issued to the media to announce news, events, or updates about a company, often used for public relations and marketing.
Private Company A company that is not publicly traded on stock exchanges and does not have shares available to the general public.
Public Company Also known as a Publicly Traded Company. A company whose shares are traded on a stock exchange, allowing the public to buy and sell ownership stakes.
Regulatory Agency A government body responsible for overseeing and enforcing regulations within a specific industry or sector. These agencies also publish a wealth of material about businesses in those industries and sectors.
SEC United States Securities and Exchange Commission. A federal agency regulating the securities industry, enforcing securities laws, and overseeing financial markets.
SIC Code Standard Industrial Classification Code. A system for classifying industries to facilitate the collection, analysis, and presentation of industry data.
Subsidiary A company controlled by another company (parent company), often through ownership of a majority of its voting stock.
SWOT Analysis An evaluation of a company's internal Strengths and Weaknesses, as well as external Opportunities and Threats, to inform strategic planning.
UCC Filing Uniform Commercial Code Filing. A public notice filed to establish a creditor's security interest in personal property, often used in financing transactions.