Anything of value that a business owns.

A financial statement that captures the financial condition of the business at that particular moment.

Capital investment decisions

Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders.

A financial summary of recording as to when, where, and how much money will flow into and out of a business.

A sum of money paid to an investor or stockholder as earnings on an investment.

The monies that a business spends; also called expenditures.

People outside the business who use accounting information – suppliers, banks, customers, lenders, investors, and tax authorities.

In business, the function that involves all money and money management matters.

A summary of accounting information.

Money received by a business or an individual from outside sources.

A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement.

People within the business who use financial information – owners, managers, and employees.

The total value of the business.

The amount an owner has invested in the business plus or minus profits and losses.

Statement of owner’s equity

Usually a one-page report showing the difference in total assets and total liabilities, shows the overall value of the owner’s equity.

A business’s net income; the decisive point.

The money it takes to keep inventory in stock.

In the operations function—resources utilized.

All the stock that a business has on hand.

Tracking the amount, the kind, and the value of inventory that a business has on hand.

Refers to managing the flow of goods and services from production to consumption.

The day-to-day activities for continued business functioning.

In the operations function - goods or services.

The buying of goods and services for a business.

Ensuring the degree of excellence of a good or service.

The production activity that determines the sequence of the steps in the production process.

The production activity that establishes the timetable to be followed in production.

In the production process, determining when materials will arrive at a certain destination and how long they will stay there.

Any paid form of nonpersonal presentation of ideas, goods, or services.

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

The form of promotion that determines client needs and wants and responds through planned, personalized communication that influences purchase decisions and enhances future business opportunities.

Marketing element focusing on considerations in getting a selected product in the right place at the right time.

Marketing element requiring marketers to determine the amount of money they will ask in exchange for their products.

Marketing element referring to what goods, services, or ideas a business will offer its customers.

A marketing function needed to communicate information about goods, services, images, and/or ideas to achieve a desired outcome.

Any nonpersonal presentation of ideas, goods, or services that is not paid for by the company or individual that benefits from or is harmed by it.

Unit 4 Vocab Flashcards

Student preview

44 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Accountant

Back

An individual who has had specialized training in accounting procedures.

2.

FLASHCARD QUESTION

Front

Accounting

Back

The process of keeping financial records.

3.

FLASHCARD QUESTION

Front

Accounting cycle

Back

A process or series of steps that businesses complete to maintain their financial records effectively.

4.

FLASHCARD QUESTION

Front

Accounting standards

Back

Rules that accountants must follow when preparing financial statements.

5.

FLASHCARD QUESTION

Front

Accrual

Back

A method of accounting that records transactions at the time they occur.

6.

FLASHCARD QUESTION

Front

Acquisition of funds

Back

Finance activity involving making decisions about financing.

7.

FLASHCARD QUESTION

Front

Administration of assets

Back

Finance activity involving making decisions about a firm’s investments.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

42 questions

lesson 8

Flashcard

•

10th Grade

41 questions

Literary Terms and Devices English 10-2

Flashcard

•

10th Grade

33 questions

AQA Physics Paper 1- Electricity

Flashcard

•

9th - 11th Grade

31 questions

J277 Architecture and Factors that effect performance

Flashcard

•

10th Grade

34 questions

mega cosik smieszne

Flashcard

•

KG

34 questions

Plate Tectonics and Volcanoes Test

Flashcard

•

6th - 8th Grade

30 questions

Tests for Anions, Cations and Gases

Flashcard

•

10th - 11th Grade

37 questions

Queen Flash Cards

Flashcard

•

11th Grade

Popular Resources on Wayground

10 questions

Forest Self-Management

Lesson

•

1st - 5th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

30 questions

Thanksgiving Trivia

Quiz

•

9th - 12th Grade

30 questions

Thanksgiving Trivia

Quiz

•

6th Grade

11 questions

Would You Rather - Thanksgiving

Lesson

•

KG - 12th Grade

48 questions

The Eagle Way

Quiz

•

6th Grade

10 questions

Identifying equations

Quiz

•

KG - University

10 questions

Thanksgiving

Lesson

•

5th - 7th Grade

Discover more resources for Business

12 questions

Guess the Mission Statement

Quiz

•

9th - 12th Grade

15 questions

Black Friday/Cyber Monday

Quiz

•

9th Grade - University