What is the system that allows people to produce the goods and services they choose called?
100
Money
What do all businesses need to buy or to make products, and to cover operating costs like rent, utilities, and wages?
100
Sole Proprietorship
What is a business owned by one person?
Does not mean a person working alone.
100
accounting system
What is designed to collect, document, and report on financial transactions affecting the business called?
200
pg. 24
What is the start of chapter 2?!?!
200
Profit
What is the amount of money earned over and above the amount spent to keep the business operating called?
200
Service Business
What is the type of business that provides a service for a fee called?
200
Partnership
What is a business called that is owned by two or more persons who agree to operate the business.
200
manual accounting system
What is the accounting information is processed by hand?
300
December 15th
What is MRS. WILSON'S BIRTHDAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
300
Loss
What is businesses that spend more money than they earn operate at a what?
300
Merchandising Business
What is the business titled that buys finished products and resells them to individuals or other businesses?
300
Easy to start or set up
What is a sole proprietorship?
300
computerized accounting system
What is the system in which you record info. by entering it into a computer entitled?
400
Ashley Nix
Who looks like tanner ford?
400
Entrepreneurs
What are people that transform ideas for products or services into real-world businesses called?
400
Manufacturing Business
What is the business titled that buys raw materials and transforms them into finished products through the use of labor and capital?
400
Corporation
What is the business called that is recognized by law to have a life of its own?
400
financial accounting
What focuses on reporting info. to external users?
500
Mrs. Wilson
Who is the best teacher in the world who gives me an A because she is super awesome and wants me to get an A so i can show my parents and they will think i am an genius so they will give me some money and bring me out to eat somewhere fancy and i like food.
500
Capital
What is the money supplied by investors, banks, or owners of a business called?
500
kinds of servce businesses
What are businesses like travel agencies and repair shops catagorized under in types of businesses?
500
charter
What is the legal permission required by state that gives a business certain rights and privelages and that also allows a business to become a corporation?