Week 2 Review Week 1 Business

Word clue: Financial assets

• BUSINESS

• CAPITAL

• CREDIT

• ACCOUNTING

Word clue:

*enjoys all the profits 

*accepts all losses. 

• Sole Proprietorship/ Sole Trader 

• Partnership

• Cooperative and Group Ownership

• Corporation

Word clue: An organization or enterprising entity engaged in commercial, industrial, or professional activities

• BUSINESS

• CAPITAL

• CREDIT

• ACCOUNTING

Word clue:

*legal entity

*organized under state laws

*investors purchase shares of stocks as evidence of ownership in it. 

• Sole Proprietorship/ Sole Trader 

• Partnership

• Cooperative and Group Ownership

• Corporation

Word clue: It is always positioned on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.

• BUSINESS

• CAPITAL

• CREDIT

• ACCOUNTING

Word clue: The language of business.

• BUSINESS

• CAPITAL

• CREDIT

• ACCOUNTING

Word clue:

*the company, and individually, partners. 

*profits and losses are shared

*partner is liable to the other partners.

• Sole Proprietorship/ Sole Trader 

• Partnership

• Cooperative and Group Ownership

• Corporation

Word clue: It increases asset or expense accounts, and decreases liability, revenue or equity accounts

• BUSINESS

• CAPITAL

• CREDIT

• DEBIT

Word clue: *earn an income on a regular basis

*enterprise or firm is an organization 

*engaged in the trade of goods, services, or both     

*satisfy consumers to make a profit

*predominant in capitalist economies

*increase wealth of owners 

• BUSINESS

• CAPITAL

• CREDIT

• DEBIT

Word clue:

*form of ownership

*part owners are called members. 

*members contribute an equal amount towards capital *

*the profits equally 

*have equal rights. 

• Sole Proprietorship/ Sole Trader 

• Partnership

• Cooperative and Group Ownership

• Corporation