Business Ownership
A written proposal that describes a new business and strategies to launch that business.
What is a business plan?
Measure of quality of life based on the amounts and kinds of goods and services a person can buy.
What is standard of living?
An automatic deposit of net pay to an employee's designated bank account.
What is direct deposit?
You can be counted on to get the job done
What is reliable?
When you rent the place
What is a tenant?
Your business goals and how you will achieve them.
What is strategic plan
Natural abilities that people possess.
What are aptitudes?
A cash card that allows you to withdraw money or pay for purchases from the machine for other purposes.
What is a debit card?
You express your thoughts and ideas clearly and directly, with respect for others.
What is an effective communicator?
Value of a home less the amount still owed on the money is paid off.
What is Equity?
Stands for General Accepted Accounting Principal
What is GAAP?
A way of making and using contacts to get job information and advice.
What is networking?
A cash machine
What is an automated teller machine (ATM)
You listen to and respect different points of view. Others can offer you constructive feedback and you don't get upset or defensive.
What is an active listener?
The way you chose to spend your time & money
What is lifestyle?
Collect and verify source documents, Analyze each transaction, journalize each transaction, post to the general ledger and prepare a trial balance.
What are the first 5 steps of the accounting cycle?
A one or two-page summary of your education, training, experience and qualifications.
What is a resume?
A savings account that requires a minimum balance and earns interest that varies from month to month.
What is a money market account?
You are responsible and dedicated. You always give your best effort!
What is committed?
Ability to move easy place to place
What is mobility?
An executive summary, mission statement, company description, product and service plan, management team plan, industry overview, market analysis, competitive analysis, marketing plan, operational plan, organizational plan, financial plan, growth plan, contingency (emergency plan)
What are components of business plan?
An experienced employee who serves as a teacher and counselor for a less-experienced person.
What is a mentor?
A request that a bank or other financial institution not cash a particular check.
What is a stop-payment order?
You work with other members of the team to accomplish the job - no matter what.
What is cooperative?
Long term loan extended to someone who buys property.
What is a mortgage?