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WorksheetsBUSINESS ESSENTIALS- VOCAB
Total questions: 15
Worksheet time: 8mins
A private or civil wrongdoing, an offense against an individual.
Crime
Liability
Market
Tort
An agreement between two or more parties that create obligations enforceable by law.
Genuine Agreement
Contract
Capacity
Voluntary Exchange
An amount owed by a business
Asset
Liability
Owner's Equity
Charges
Anything of value owned by a business
Asset
Liability
Owner's Equity
Charges
How much of the goods or services consumers are willing and able to buy?
Supply
Demand
Shortage
Surplus
Information about a customer including things like what they like, how they spend their time, things they value etc.
Demographics
Psychographics
Geographics
Centrographics
Must have the legal ability to enter into a contract (mental capacity, age, etc.)
Leaglity
Capacity
Consideration
Proper Form
Planning, recording, analyzing, and interpreting financial information
Economics
Marketing
Accounting
Law
The distinctive identification symbol for a business.
Logo
Graphic
Badge
Picture
The amount remaining after the value of all liabilities is subtracted from the value of all assets
Owner's Equity
Accounts Payable
Asset
Liability
The science that deals with the production, distribution, and consumption of goods and services
Marketing
Accounting
Economics
Communications
Occurs when one person intentionally damages someone else’s contractual or business relationships with a third party causing economic harm.
Interference of Contractual Relations
Contract Breach
Fraud
Embezzlement
Governmental bodies formed to carry out particular laws.
Administrative Agencies
Tort Agencies
Legal Entities
Governor
Information about a customer including things like age, gender, income etc.
Demogrpahics
Psychographics
Geographics
Centrographics
Theft of information that a company takes reasonable measures to protect because it confers an economic value to the company by not being disclosed to the general public
Stolen Trade Secret
Fraud
Embezzlement
Confidential Agreement Dispute
