According to Section 2(24) of the Companies Act, 2013 defines "Company Secretary" or "Secretary" means any individual possessing the prescribed qualifications, appointed to perform the duties which may be performed by a secretary under this Act and any other ministerial or administrative duties.

The person one who takes an active interest in the well being of a company and one of the Members of Board of Directors is called as Director of a company. A Director is a person from a Board of Director who leads or supervises the functioning of a company.

According to Section 2(84) of the Companies Act, 2013, share means share in the "Share Capital of a company and includes stock except where a distinction between stock and share is expressed or implied"

Entrepreneur requires two types of finance namely long term and short term. While long-term requirements are needed for acquiring fixed assets, short-term requirement are meant for meeting working capital needs. Entrepreneur has to bring in promoters contribution (seed capital) prescribed by financing agencies.

Trading/ industrial ventures started by Government under various formats like company, corporation, departments, board denotes state entrepreneurship.

According to Schumpeter's concept, "Women who innovate, imitate or adopt a business activity are known as women entrepreneurs".

(i) Crossing a cheque refers to the practice of drawing two parallel transverse lines across the face of a cheque with or without the words and Co
(ii) The effect of this crossing is that the drawee bank will pay the amount of a cheque only to the banker.

The monetary consideration for the goods sold is called price. If goods are exchanged for goods, it is only barter and not a sale.

Globalisation means the interaction and integration of the domestic economy with the rest of the world with regard to foreign investment, trade, production and financial matters. Globalization stands for the consolidation of the various economies of the world.

External environment refers to those factors outside the business These factors by and large are beyond the control of  a business and hence uncontrollable.
e.g economic, political and socio-cultural factors.