Business Characteristics (icevonline)

Business Characteristics (icevonline)

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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23 questions

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1.

FLASHCARD QUESTION

Front

Department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan

Back

Finance

2.

FLASHCARD QUESTION

Front

Process of recording, classifying, summarizing and reporting the financial position of a business

Back

Accounting

3.

FLASHCARD QUESTION

Front

Items of value owned by a business

Back

Assets

4.

FLASHCARD QUESTION

Front

Assets = Liabilities + Owner’s Equity

Back

Accounting Equation

5.

FLASHCARD QUESTION

Front

Department responsible for producing goods and services in the most efficient and cost-effective manner

Back

Production

6.

FLASHCARD QUESTION

Front

Businesses which change raw goods into a more finished form, known as processed goods

Back

Processors

7.

FLASHCARD QUESTION

Front

Marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline

Back

Product Life Cycle

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