A sub-division within a company that is completely autonomous from the rest of the company.
Business Entity
100
Microsoft is a..
Manufacturer
100
The process of acquiring and utilizing funds of a business.
Finance Function
100
Current ratio
Liquidity
100
Certain Environment & Inward Focus
Efficiency Strategy
200
Basic underlying assumption that a company or other entity will be able to continue operating for a period of time that is sufficient to carry out its commitments, obligations, objectives, and so on.
Going Concern
200
What business concept covers keeping the businesses records separate from the owners records?
Business Entity
200
Planning, Staffing, Employee development, and Employee maintenance are functions of..
Human Resource
200
Gross Margin Ratio
Profitability
200
Certain Environment & Outward Focus
Flexible Strategy
300
A standard unit of value of a country's coinage.
Monetary Unit
300
What business concept covers reporting of profits at regular intervals?
Periodicity
300
Performing market research, producing a marketing plan, and product development, as well as strategically overseeing advertising, promotion, distribution for sale, customer service and public relations are all functions of..
Marketing Function
300
Return on Investment
Return
300
Uncertain Environment & Inward Focus
Rigid Strategy
400
Time period assumption
Periodicity
400
On what financial statement(s) can we find the net income of a business?
Income Statement
400
Function that states the quantity of output that a firm can produce as a function of the quantity of inputs to production
Production Function
400
Return on Owners' Equity
Profitability
400
Uncertain Environment & Outward Focus
Loose Strategy
500
The time spent that improves the outcome of a process is..
Value added time
500
On a bank reconciliation, what items can affect the bank's cash balance?
Deposits in transit, Outstanding checks, Automatic withdrawals and deposits, Interest earned, Bank service charges, NSF (not sufficient funds) checks, and Errors.
500
Name the four functions
Finance, Human Resource, Marketing, and Production
500
Quick Ratio
Liquidity
500
Name the four strategies of the inward/outward focus and environment.