
Fall Semester Study Guide
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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99 questions
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1.
FLASHCARD QUESTION
Front
What is the purpose of a mission statement?
Back
To state the company's reason for existing now
2.
FLASHCARD QUESTION
Front
Business owned by stockholders
Back
Corporation
3.
FLASHCARD QUESTION
Front
_______ include tools and equipment used to produce goods and services
Back
Capital Resources
4.
FLASHCARD QUESTION
Front
Why are policies and procedures important?
Back
They help clarify things.
5.
FLASHCARD QUESTION
Front
The people who make the major policy and financial decisions for a corporation are called the
Back
board of directors
6.
FLASHCARD QUESTION
Front
a list of steps to be followed for performing a particular work activity; a description of the way work is to be done
Back
procedures
7.
FLASHCARD QUESTION
Front
What is a Business Plan?
Back
It is an indispensable tool in order to start up a business project, independently of the size of the project and/or of the amount of business experience of the entrepreneur.
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