Accounting
What is money that a business earns from selling goods or services
revenue
What do you call someone who starts a business from an original idea?
Entrepreneur
What is the study of money, resources, and choices?
economics
What is money received from work or a business?
income
Which company uses the Golden Arches logo?
McDonald's
What document records all financial transactions of a business?
a ledger
What is the group of customers a business wants to sell to?
The target market
When many people want a product, this is called?
demand
What are the costs of running a business called?
expenses
Australian Airline with a kangaroo
Qantas
What is something valuable a business owns.
an asset
What is the name for marketing and promoting products?
advertising
What is it called when prices rise over time?
inflation
What is income minus expenses?
profit
Xbox
What is money that a business owes?
a liability
What document explains a business's goals and plans?
A business plan
What do we call the products available for sale?
supply
What do we call spending money you dont have?
credit
This technology company uses a logo that resembles a window with four squares.
Microsoft
Which financial report shows whether a business made a profit or a loss?
income statement
What term describes a business selling products or services to make money?
a for profit business.
What is giving up one choice to make another choice called?
opportunity cost
What type of expense stays the same each month, like rent?
fixed expenses.
This car manufacturer uses a logo containing a silver star with three points.
Mercedes-Benz