Business Terms Flashcards

Business Terms Flashcards

Assessment

Flashcard

Business

Professional Development

Practice Problem

Hard

Created by

Lengua Plex

Used 1+ times

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6 questions

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1.

FLASHCARD QUESTION

Front

The monetary values of resources used in producing or acquiring some good or service.

Back

Cost

2.

FLASHCARD QUESTION

Front

The excess of expenses over the revenue generated by a business during a particular period.

Back

Loss

3.

FLASHCARD QUESTION

Front

The value of goods bought for resale or the raw materials bought to produce some other good.

Back

Purchase

4.

FLASHCARD QUESTION

Front

The revenues earned when a company sells its goods, products, merchandise, etc.

Back

Sales

5.

FLASHCARD QUESTION

Front

The physical items that a business buys and sells. They can be raw materials, work in progress, or finished items.

Back

Goods

6.

FLASHCARD QUESTION

Front

The value of a company's inventory or items for sale. It's a current asset that's recorded on a company's balance sheet.

Back

Stock

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