Accounting
A quantitative expression of a plan that helps managers coordinate the entity's activities is what?
A budget
Strategic planning, organization, and control of an organization's financial resources to achieve its objectives and maximize value is what?
Financial management
What is inflation?
Inflation is the rate at which the general price level of goods and services rises over time
A written document that describes the nature of the business, its goals and objectives, and how they will be achieved
Business Plan
Who founded Amazon?
Jeff Bezos
The right side of the account is what?
The left side of the account is what?
Right: Credit
Left: Debit
When an individual has an overwhelming in debt what can they declare?
Bankruptcy
GDP stands for what?
Gross Domestic Product
Setting goals, developing strategies, and creating action plans to achieve organizational objectives is part of business management.
Planning
Who is the founder of Apple?
Steve Jobs
A financial statement listing an entity's revenues, expenses, and net income or net loss for a specific period. What type of statement is this?
Income Statement
An asset pledged by a borrower to secure a loan is what?
Collateral
A branch of economics that studies the behavior of an overall economy, which encompasses markets, businesses, consumers, and governments.
Macroeconomics
What did Mark Zuckerburg invent?
Assets + Liabilities = ????
Equity
is a three-digit number that represents a person’s creditworthiness, or how likely they are to repay borrowed money. Lenders use credit scores to decide whether to approve loans, credit cards, and other financial products.
A credit score
Studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption.
Microeconomics
List three possible careers with business management.
HR, Administrative Assistants, Financial Analyst, Consultant
Who is the richest person in the world right now?
As of March 26, 2025, the richest person in the world is Elon Musk
What are the three entities in the Balance Sheet?
Assets, Liabilities and Owners equity
The three main credit bureaus in the United States are
Equifax, Experian, and TransUnion
What does RUBY stand for?
Rutgers University Business Youth