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vocabulary 2
business
vocabulary 1
careers
true or false
100
people who want to buy the product at the time in the store
What is a customer
100
profit motive/opportunity to meet the wants and needs of the community
What is the motivation to start a business?
100
the action or process of keeping financial accounts/ a way of reporting financial activity
what is the definition of accounting?
100
track companies expenses/keep public records/make sure taxes are payed properly
What is an accountants job?
100
the profit motive is the desire to make money true or false
true
200
not something that is needed but wanted
What is the definition of wants
200
uses technology to share knowledge, facts and data to others
What is informational technology?
200
this is what you need to survive
What is the definition of needs
200
makes sure the entire organization meets its goals and oligations
What is the managers job
200
marketing is important to get your product known true or false
true
300
a task you complete for a customer
What is the definition of services
300
how the business flows/found in the service and manufacturing sector
What is operations
300
the financial statement of a business
What is the income statement
300
accountants who meet specific educational requirements
What is a cpa (certified public accountant)
300
government accountants audit private businesses or individuals true
true
400
managing peoples relations with the company
What is the definition of human resources
400
working on th computer, sending emails,making online ads
What does informational technology do for a company
400
the companys worth/net worth
What is owners equity
400
has the final responsibility of the business finances/ responsible for providing financial advice
What is a financial manager
400
to have a business or accounting job you do not have to have education true or false
false
500
fighting to be the best (rivalry)
What is the definition of competition
500
human resources, operations,management,informational technology,accounting
What are the 6 functions of bussness
500
assets=liabilities+owners equity
What is the accounting equation?
500
education, salary, specific job wanted
What are factors that affect a career
500
there are 5 functions of businesses true or false
false