Hodge Podge
Business Ownership
Business Pot Pourri
Business Grab Bag
Accounting & Finance Basics
100
Rules, policies and laws play a role in all aspects of our lives, not just in business. In a college setting a person who Plagiarizes is in violation of this policy.
What is "Academic Integrity"?
100
The two easiest forms of business entities to setup are _____________________ and _____________________
What are the "sole proprietorship and partnership"?
100
The Salvation Army is a this type of corporation.
What is 'non-profit" or "501-C3"?
100
Businessopoly
What is the name of our Group Project in Intro to Business?
100
Employees interested in Accounting Information to determine if the company can afford to pay them, are considered ________________ users. Bankers are considered ________________ users.
What Internal & External?
200
QuickBooks, Peachtree, Cyma are types of what?
What is accounting software or financial software?
200
Two business entities that can request S-Corp status from the IRS are ______________ and _______________.
What are "Corporations and LLC's"?
200
Business Entity that is said to have "perpetual life"
What is a "corporation"?
200
When a company recycles materials and reduces its waste output.
What is "sustainability" or "reducing it's carbon footprint"?
200
Items such as Utilities, Telephone, Salaries, are known as...
What are expenses?
300
Business Cards, Letterheads,Business Emails, Phone Calls and Mailers are all forms of this.
What is Business Communications?
300
A business with unlimited liability and more than one owner is know as this.
What is a "partnership"?
300
All partners in a General Partnership must sign this.
What is the partnership agreement or the signature card at the bank.
300
Shipping and Selling Goods to other countries
What is exporting?
300
A debt that is owed for an asset is known as a ....
What is a liability?
400
In order for a written contract to be considered a legal contract, it must have four things: Name at least two.
What are: two or more parties parties capable of contracting, signed consent of the parties, a lawful object (meaning you cannot contract for something which is illegal), and the parties must give and receive consideration.
400
The main motivator for an entrepreneur to start a business
What is "independence"?
400
Businesses receive a Combined Reporting System Number (CRS) from this governmental agency. This ID number allows us to collect sales tax, and to collect state income tax withholding from payroll and reimburse the state monthly.
What is New Mexico Department of Taxation and Revenue?
400
The country where BIC pens corporation was started
What is FRANCE?
400
Deciding if the company can afford to hire another employee would is this type of decision.
What is Strategic or Financial Decision?
500
When a business gets a loan from a bank or a private investor they must sign one of these.
What is a "promissory note"?
500
90% of the monetary revenue in the US comes from this form of business entity.
What is a corporation?
500
By completing and submitting a Form SS-4 to the IRS, Businesses will receive this.
What is an EIN or Employer Identification Number?
500
Laws, Standards, Cultural Moors, Education and Rules all help to form our _________________ boundaries.
What is "ethical"?
500
Asset = Liabilities + Owners Equity
What is the accounting equation?
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