ACCOUNTING
Which of the following best describes a debit?
a. An increase in the balance of an account
b. A movement in the left side of an account
c. A change in the balance of an account
b. A movement in the left side of an account
What are the 4Ms of Operation?
Manpower, Machine, Materials, and Methods
Who is the Father of realism?
A. Aristotle
B. Plato
C. Socrates
D. Thomas Aquinas
A. Aristotle
A balance sheet can be reported into two What do you call an assets listed on the left side and liabilities and owners equity on the right side?
A. Account form
B. Ledger
C. Report form
D. T account
A. Account form
Is the art of turning an idea into a business.
Entrepreneurship
What is the other name of Statement of Financial Position
Balance Sheet
It is the most crucial part of creating business
Finding the Right Location
Which of the following is not a functions of culture?
A. As compass
B. As control mechanism
C. As shared vision or purpose
D. As social glue
C. As shared vision or purpose
In sole proprietorship and partnership the report that is prepared submitted to regulatory board. What govt agency thus the corporation submitted their report?
A. BIR
B. DTI
C. LTO
D. SEC
D. SEC
Economic is classified as a _______________ because it deals with the study of human’s life and how he lives with other men.
Social Science
This is the process of transferring amounts from the journals to the ledgers.
Posting
It is used to evaluate and study whether or not a project or idea could be POSSIBLE
Feasibility Study
A person should posess this kind of personality. Authentic and genuine to express his/her points of view and to work
Transparency
Can be describe as a place where person who have excess fumds bring their funds in a form of deposit or savings meet the person who lack of funds and acquirw funds in a form of loans.
Financial Institution
Refers to the movement of people from one place to another.
Migration
This is referred to as the side of an account where increases in the balance of such account are recorded.
Normal Balance
It is a term used in business to describe the number of customers that enter or pass by a store, mall, or location
Foot Traffic
It is one of the problem that our govt really hard to find a solution. It is experienced and understood differently by different people in different regions and at different time.
Poverty
It is a set of institutions that exist on firm, personal and global levels which permits the exchange of funds
Financial System
Is an aggregation of the different business engaged in the same kind of undertaking.
Industry
Is a contra-sales account used to report the selling price of goods returned by customers
Sales returns and allowances
Similar to THESIS ABSTRACT, it is the first section of a Business Plan that contains an introduction, purpose, desired solution, and an overview of the Project Research
Executive Summary
An activity that is part and parcel of human society?
Business
A branch of economics concerned with resource management, acquisition and investment.
Finance
Is the total amount of an item producers are willing and able to sell at different prices, over a given period of time.
Market Supply