This is the Statement that shows revenue, expenses and profits.
What is an Income Statement.
100
This is the study of how small buying decisions get made
What is Microeconomics
100
The simplest form of business ownership, both to set up and operate.
What is a Sole Proprietorship
100
The name for the system of law in all of Canada save for Quebec.
What is the Common Law?
100
The only type of Marketable security that is not ownership or equity.
What are Bonds?
200
This is the statement that shows what you "own" and what you "owe"
What is a Balance Sheet?
200
This is the study of how major, country-wide factors affect the economy.
What is Macroeconomics.
200
The only form of ownership that offers limited liability to all of the owners
What is a corporation?
200
It's a court ruling on a particular issue that judges who hear similar cases in the future are expected to follow.
What is a precedent?
200
The regular payments for the use of EQUITY capital paid by a company to its shareholders.
What are dividends?
300
This is the adjustment we make after adding Net Income to Opening Retained Earnings each year, before arriving at the new Closing Retained Earnings.
What is subtracting Dividends.
300
The ideas of political philosopher Karl Marx are most closely linked to this type of economic system?
What is Communism.
300
The name of the business transaction where two more or less equal sized companies join together to become one.
What is a merger?
300
The name for laws made in parliament or by other city councils or other governments.
What are Statute Laws?
300
The firm that assists a company with an IPO, secondary offering, or offering of Bonds to the public.
What is a Merchant Bank?
400
This statement used to be called the Statement of Financial Position.
What is a Balance Sheet?
400
It is a measure of the change in weighted average price over time in a “market basket” of goods and services bought by the typical consumer
What is the CPI (Consumer Price Index)?
400
What John Littleton, partner in Mike’s Motorcycles Inc. would become once the business becomes incorporated.
What is a Shareholder?
400
This is the period of time that a copyright remains in place after the death of the creator
What is 50 years?
400
The process of reducing risk by allocating investments across multiple categories, industries and companies.
What is Diversification?
500
This statement used to be called a Statement of Changes in Financial Position
What is a Cash Flow Statement
500
The type of unemployment suffered as a result of the tragedy of the 9/11 attacks and the devastation of Hurricane Katrina, by workers in both New York City and New Orleans.
What is Structural Unemployment.
500
The name for clauses in senior management contracts that can compensate executives with millions of dollars in severance pay even if they quit.
What is a Golden Parachute?
500
The name of the US law that was the response to the Enron and other financial scandals in the early 2000's.
What is Sarbanes-Oxley or Sarbox?
500
A secondary market which is an alternative to stock exchanges such as the NYSE or Nasdaq.