Business Characteristics (icevonline)
Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Wayground Content
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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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