Tennessee State Bank is what type of business?

Ambassador Steel is what type of business?

East Tennessee Children's Hospital is what type of business?

Ford Motor Company is what type of business?

Kroger Marketplace is what type of business?

Which economy allows people to produce the goods and services they choose?

What is the amount of money earned after the costs of operating a business are paid called?

When a business spends more than they make they are operating at a what?

What do you call the person who transforms ideas into a real world business?

What do you call money that banks, investors, or owners supply to start up the business?

Which business provides a needed service for a fee?

Which business takes the finished product and sells it to the end user.

Which business takes raw materials and transforms them into a finished product?

Which business organization has only one owner?

Which business organization has two or more owners?

Which business organization is recognized by law to have a life of its own?

What is the document called that gives a corporation legal permission to operate?

Which business organization has these advantages: easy to set up, all profits go to owner, owner has total control

Which business organization has these advantages: easy startup, pooled skills & talents, more money available?

Which business organization has these advantages: easier to raise money, easy to expand, easy to transfer ownership?

Which business organization has these disadvantages: Limited expertise, hard to raise money, owner has all risk?

Which business organization has these disadvantages: risk of partner conflict, shared profits, shared risks?

Which business organization has these disadvantages: costs more to start, more complex to organize, more regulations, higher taxes?

What the system called that businesses use to collect, document, and report on financial transactions affecting the business?

Which accounting system is processed by hand?

Which accounting system records information by entering it into a computer.

What are the set of rules accountants follow to prepare financial reports so that when they communicate financial information it is easily understood by those interested in the business?

What are the reports that summarize information about the financial status of a business?

Which type of accounting focuses on reporting information to external users?

Which type of accounting focuses on reporting information to management (internal users)?

What is the accounting assumption that states that a business exists independently of its owners personal holdings?

What is the accounting assumption that states a business is expected to survive and operate indefinitely?

The period of time covered by an accounting report is which accounting assumption?

Who is a person that has passed a national test and met specific experience and standards?

Why is accounting often called the "language of business"?

What is a review of a company's accounting & financial statements?

What two things do businesses need to survive?

Do you have to get permission from the state government to start a partnership?

What is the purpose of a For-Profit Business?