Is a type of organization which is used to separate ownership from control

(a)  

Defined as the science and art of managing money

(a)  

Profits and cash flows are identical (true or false)

(a)  

Are groups such as employees, customers, suppliers, creditors, owners, and others, who have a direct economic link to the firm

(a)  

Creative accounting is one of the violations of business ethics (true or false)

(a)  

Represent the total monies owed the firm by its customers on credit sales

(a)  

One of the advantages of partnership is that the owners receive all profits (and sustains all losses). Is it true or false?

(a)  

Is a periodic distributions of cash in a corporation

(a)  

Are standards of conduct or moral judgment that apply to persons engaged in commerce

(a)  

In this type of legal organization, Owners have limited liability, which guarantees that they can not lose more than they invested

(a)  

is a retirement plan that requires an employer to make contributions to a pool of funds set aside for a worker's future benefit

(a)  

is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets

(a)  

are assets that can be traded, or they can also be seen as packages of capital that may be traded

(a)  

The most important financial institutions in the economy because they provide savers with a secure place to invest funds and they offer both individuals and companies loans to finance investments, such as the purchase of a new home or the expansion of a business

(a)  

Are financial institutions that (1) assist companies in raising capital, (2) advice firms on major transactions such as mergers or financial restructuring and (3) engage in trading and market activities

(a)  

is anything that serves as a commonly accepted medium of exchange

(a)  

Short-term debt instruments such as U.S. treasury bills, commercial paper, and negotiable certificates of deposits issued by the government, business, and financial institutions respectively. Investors consider it to be the least risky investments

(a)  

Are ownership rights to companies

(a)  

Is a type of license that a party acquires to allow them to have access to a business's proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name

(a)  

Explain at least 2 types of business and give 1 advantage and disadvantage from each

Are long-term assets which be converted into cash

(a)  

Represent the value that has already been paid for, such as insurance, advertising contracts or rent

(a)  

Assets which include land, machinery, equipment, buildings and other durable, generally capital-intensive assets

(a)  

Explain business ethics

Explain income statement

Explain at least 2 types of business and give at least 2 advantages and disadvantages each

Explain at least 3 examples of the violations of business ethics