Business, Econ, & Ethics
Insiders who report illegal or unethical behavior.
A word, letter, or group of words or letters that differentiates one seller's goods and services from those of competitors.
What is Brand name?
DAILY DOUBLE
Adam used his entire savings account and borrowed money from friends and family to open a restaurant that he intends to keep small with a few employees. He is a what?
Who is a Micropreneur?
Marqus wrote every business transaction in two places to ensure he can check one list of transactions against the other for accuracy.
What is double-entry bookkeeping?
Organizational structure with various levels of management
What is a tall organizational structure?
The part of economics study that looks at the operation of a nation's economy as a whole.
What is macroeconomics?
Marketing directed toward those groups an organization decides it can serve profitably.
What is target marketing?
An owner (partner) who has unlimited liability and is active in managing the firm.
Who is a general partner?
Assets= Liabilities + Owners' Equity
What is the Fundamental Accounting Equation?
DAILY DOUBLE
Logan from HR, Harley from Accounting, Adam from IT, and Briggs from Marketing all work together on a process improvement diagram. This is an example of what type of team?
What is a cross-functional team?
DAILY DOUBLE
Jody's T-shirt shop produced more T-shirts than they could sell. This caused an excess in what?
What is supply?
Strategy in which a new product is priced high to make optimum profit while there’s little competition.
What is skimming pricing?
This type of entity is subject to double taxation.
What is a C-Corporation?
Patents trademarks, copyrights
What are intangible assets?
This method usually involves increasing or reducing the workforce within the business, adding or decreasing departments, opening or closing business units, and/or reallocating resources differently within the business.
What is a reorganization?
A wholesale company doing business with Walmart
What is business to business?
The producer uses advertising, personal selling, sales promotion, and all other promotional tools to convince wholesalers and retailers to stock and sell merchandise.
What is the push strategy?
This type of legal entity advantages include lower failure rate, nationally recognized name, and personal ownership.
What is a franchise?
Raegan Enterprice recently shared figures from their annual financial report.
Revenue = $750,000; Expenses = $800,000
Based on your knowledge of a specific financial statement, determine the company's "bottom line" and the amount.
What is net loss for $50,000.
Kim's accounting firm consolidated its call center office with its total rewards office to save money and better serve customers.
What is restructuring?
This written code defines the organization's guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees.
What are integrity-based ethics codes?
Car-towing services, burial services, insurance..
What are unsought goods and services?
Private individuals who invest their own money in potentially hot new companies before they go public.
What is an Angel Investor?
You are reviewing a company’s financial statement as of December 31, 2024. Use the information below to find the missing account and amount.
Information:
Total Assets: $100,000
Owner’s Equity: $60,000
What are liabilities and $40,000?
When decision-making authority is maintained at the top level of management at the company’s headquarters.
What is centralized authority?