BUSINESS ESSENTIALS- VOCAB

Front

Private wrongdoing against an individual.

Back

Tort

Front

Agreement between parties creating enforceable obligations.

Back

Contract

Front

Amount owed by a business

Back

Liability

Front

Value owned by a business

Back

Asset

Front

Goods/services consumers are willing and able to buy?

Back

Demand

Front

Info about a customer: likes, time spent, values.

Back

Psychographics

Front

Legal ability to enter a contract (mental capacity, age, etc.)

Back

Capacity

Front

Planning, recording, analyzing, and interpreting financial info

Back

Accounting

Front

Distinctive symbol for a business.

Back

Logo

Front

Amount left after liabilities subtracted from assets

Back

Owner's Equity