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Financial Planning
Financial Planning
Economical & Ethical Activity
Economical & Ethical Activity
Marketing Goods & Services
100
Costs of operating a Business
What is expenses
100
What a company owes
What is liabilities
100
A general increase in the costs of goods and services
What is inflation
100
A general decrease in the costs of goods and services
What is deflation
100
Things that are required in order to live
What is needs
200
All income that a business receives over a period of time
What is revenue
200
Detailed plans for the financial needs of a business
What is budget
200
The amount of goods and services the people of a country can buy
What is standard of living
200
The total amount of money owed by the federal government
What is national debt
200
Not having enough resources to satisfy every need
What is scarcity
300
What a company owns
What is assets
300
A report of revenue, expenses, and net income or loss from operations for a specific period
What is income statement
300
Factories that pay poorly, have unsafe working conditions, and treat workers badly
What is sweatshops
300
The rise and fall of economic activity over time
What is business cycle
300
Setting and communicating the value of products and services
What is pricing
400
Describes the financial plan for ongoing operations of the business for a specific period of time
What is operating budget
400
Plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
What is start-up budget
400
The total value of the goods and services produced in a country in one year
What is gross domestic product
400
A rise in business activity after a recession or depression
What is recovery
400
Individuals and organizations that determine what products and services will be available for sale
What is producers
500
A report that lists the company's assets, liabilities, and owner's equity
What is balance sheet
500
The value of the business after liabilities are subtracted from assets; the value of the owner's investment in the business
What is owner's equity
500
A set of moral principles by which people conduct themselves personally, socially, or professionally
What is ethics
500
When the government spends more on programs than it collects in taxes, or expenses exceed income
What is budget deficit
500
Any form of communication used to inform, persuade, or remind; communicating information about products and services to potential customers
What is promotion