Accounting 101
The legal structure for a single owner who assumes all financial risks and liabilities at a personal level.
What is sole proprietorship?
What is financial analysis?
The four elements of the marketing mix.
What are product, price, place, promotion?
A logical process of coordinating resources to accomplish organizational goals.
What is management?
The process of gathering, recording, organizing, and reporting financial data.
What is accounting?
The legal structure requiring a partnership agreement.
What is a partnership?
Managing employee benefits falls under this business activity.
What is human resources management?
The P concerned with form utility.
What is Product?
Identifying goals and the methods of achieving those goals is part of this management function
What is planning?
Raw numbers and figures
What is financial data?
The legal structure for one or more members that offers protection against personal liability.
What is a Limited Liability Company?
Chief Executive Officer is a role that falls under this business activity.
What is strategic management?
What is Pricing?
Assigning new employees to specific work areas is part of this management function
What is staffing?
This type of accounting information is used internally for pursuing organizational goals
What is managerial accounting information?
The legal structure that treats the business as a separate entity from owners and shareholders.
What is a corporation?
Ensuring the security of a company's customer database falls under this business activity.
What is information management?
An end-of-season clearance event is an example of this.
What is sales promotion?
Grouping jobs into departments is part of this management function
What is directing?
This type of accounting information is used externally by investors, creditors, and the government
What is financial accounting information?
The type of corporation that focuses on public benefit as well as profit.
What is a B Corporation?
Supervising production in a factory falls under this business activity.
What is operations?
This P is concerned with channels of distribution.
What is Place?
Providing guidance to workers and work projects is part of this management function
What is controlling?
The accounting equation.
What is Assets = Liabilities + Owner's Equity?
The two professionals you should consult when determining the best legal structure for your business.
What is accountant and lawyer?
Salesperson is an occupation connected this business activity.
What is marketing?
Audio sounds associated with a product or company.
What is sonic branding?
The four categories of resources managed by all levels of management
What are human, financial, material, and information?
To control finances, track performance, plan for the future, and identify trends.
What is the purpose of accounting?