Ethics
What does ethics mean?
The standards of moral behavior that is accepted by society as right versus wrong.
A business owned by one person
Sole Proprietorship
Accounting is the process of keeping track of a business’ finances.
What does ethics mean?
The standards of moral behavior that is accepted by society as a right versus wrong.
Where the product will be placed until needed
Storing
Dishonesty in the form of an intentional deception or a willful misrepresentation of a material fact.
What is a business owned by 2 people called?
Partnership
What is an asset?
any resource owned or controlled by a business or an economic entity. It is anything that can be used to produce positive economic value.
What is white collared crime?
Crime committed by professionals
The making process of supply chain management
Production
What is a Ponzi scheme?
Taking money from one investor to pay another
What is an E-Business?
A business that's only available online. (No physical location)
the total amount of income generated by the sale of goods or services related to the company's primary operations
What is a Ponzi scheme?
Taking money from one investor to pay another
The movement of products across the supply chain
Distribution
What are ethical codes?
Set standards for the company of what is acceptable
or unacceptable
A business that is owned by stockholders
Corporation
What is a business transaction
an event involving an interchange of goods, money or services between two or more parties.
What does fraud mean?
Dishonesty in the form of an intentional deception or a willful misrepresentation of a material fact
Determine how much they will need of a product
Planning & Forecasting
What is a whistleblower?
People who report illegal or unethical behaviors
A business with a physical location
Brick-N-Mortar
What is the accouting equation?
A=assets L=liabilities E=equity
A= L+E
What is insider trading?
the trading of a public company's stock or other securities based on material, nonpublic information about the company
The buying process
Procurement