Accounting Equation & Assets
The formula: $Assets = Liabilities + \_\_\_\_$?
Capital/Equity
To determine creditworthiness, businesses use these "4 Cs."
Character, Capacity, Capital, Conditions
The economic system in a democracy based on free enterprise.
Capitalism
These are the five core functions of management.
What are Planning, Organizing, Staffing, Leading, and Controlling?
This is anything that interferes with the sender’s delivery or the receiver’s interpretation of a message.
What is Noise?
In automated accounting, this is the process used to check the accuracy of processed information.
What is an Audit?
This is another technical name for an investment bank.
What is an Underwriter?
Land, labor, capital goods, and entrepreneurship are collectively known as these.
What are the Factors of Production?
These are the formal rules and regulations adopted by a corporation to guide its management.
What are Bylaws?
Flashing lights, sirens, traffic signals, and hand gestures are all examples of this.
What is Nonverbal Communication?
This specific financial statement is used to answer the question, “How profitable is the firm?”
What is an Income Statement?
Most corporations choose to distribute some profits as dividends and keep the rest as this.
What are Retained Earnings?
This occurs when nations combine to form a common market or a free-trade area.
What is Economic Integration?
A team discussion technique used to generate as many ideas as possible for solving a problem.
What is Brainstorming?
This is a system of data storage that operates over widely dispersed Internet networks rather than local servers.
What is The Cloud?
This is a financial plan specifically designed for replacing old fixed assets or acquiring new ones.
What is a Capital Budget?
"Current," "Debt," and "Profit" are all common examples of these used to evaluate a business.
What are Ratios?
his economic condition exists when only one company provides a product or service without any competition.
What is a Monopoly?
This type of mentoring occurs when younger employees help older generations understand technology.
What is Reverse Mentoring?
To protect its data from unauthorized users or hackers, a company should install this.
What is a Firewall?
Expensive assets used for a long time, like buildings or machinery.
Fixed Assets
This should not be an objective of a collection procedure.
Converting credit customers to cash customers
The type of "capital" that refers to the knowledge and skills of workers.
Human Capital
This 1935 federal act gave employees the right to join unions and bargain collectively.
What is the Wagner Act (or National Labor Relations Act)?
These are the raw facts and figures that businesses generate before they are processed into information.
What is Data?