The part of an organization that manages its money
What is Finance Function
100
Indicator of a firm's ability to meet short-term financial obligations, it is the ratio of current assets to current liabilities
What is Current Ratio
100
strategy that mainly focuses and reduction of cost
What is efficiency strategy
100
a business that generates income by providing services instead of selling physical products
What is Service Business
100
Net income appears on which financial statement(s)
What is income statement and statement of retained earnings
200
the part of a company that recruits employees
What is Human Resource Function
200
a profitability ratio that compares the gross margin of a business to the net sales, and measures how profitable a company sells its inventory or merchandise
What is Gross Margin Ratio
200
Which strategy is used in an uncertain environment and with an outward focus
What is flexibility strategy
200
a business that purchases finished products and resells them to consumers
What is a Merchandiser Business
200
the business documents that companies use to report their results of financial activities to various groups
What is Financial Statements
300
Part of the company that helps a company to identify and source potentially successful products for the marketplace and then promote them
What is Marketing Function
300
usually expressed as a percentage and is typically used for personal financial decisions, to compare a company's profitability or to compare the efficiency of different investments: (Net Profit / Cost of Investment) x 100
What is Return on Investment
300
protects a business's assets
What is internal control
300
any business that uses components, parts, or raw materials to make finished goods
What is a Manufacturer Business
300
these financial statements cover a period of time
What is statement of cash flows and income statement
400
A part of a company that typically focuses on the physical and so does not take into account non physical aspects of production like prices
What is Production Function
400
measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders' equity
What is Return on Owners' Equity
400
source documents, books of original entry, general ledger, reports, and bank statements are part of what internal control process
What is maintaining adequate documents and records
400
What type of business is owned by only 1 person
What is Sole Proprietorship
400
this statement reports revenues and expenses for the period
What is income statement
500
A part of a company that both combines basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge
What is Research and Development Function
500
a measure of how well a company can meet its short-term financial liabilities
What is Quick Ratio
500
locking up and keeping important documents and records secure physically is part of what internal control process
What is physically controlling assets and documents
500
a business entity that is legally separate, distinct from it's owners, and provides investors with limited liability
What is corporation
500
This organization market regulator is responsible for establishing generally accepted rules of accounting