Wall Street
A comprehensive report intended to give shareholders and other interested people information about the company's activities and financial performance
What is the Annual Report
Total Assets = Liabilities + Owners equity
What is the accounting equation?
One owner assumes all liability
What is a sole-proprietorship?
Can account for as much as 70% of total business costs
What is the cost of labor?
Product, Place, Price, Promotion, People, Physical Environment, and Process
The 7 p's in the marketing mix
Where stockbrokers and traders can buy and sell securities
What is the Stock Exchange / Securities Market?
Indicates the amount of profit, or loss, generated by a firm over a given time period.
What is an income statement?
Becomes a separate legal entity
What is a corporation?
Aimed at improving employee skills and abilities
What is training and development?
Online communication where users share personal messages, information, videos, and other content
What is social media?
The process of offering the shares of a private corporation to the public in a new stock issuance
What is an Initial Public Offering (IPO)
Cash
What is the most liquid asset?
or
What is King?
The most common form of business ownership in the USA.
What is an Limited Liability Corporation?
Planning, recruiting, selection, employee relations, compensation, training, and performance appraisals.
What are the activities of Human Resource Management?
Material + Labor * markup
What is the cost plus price formula?
A periodic distribution of cash to shareholders in a company
What are dividends?
A financing solution provided by creditors
What is debt financing?
Legal advice and documents should always be created when using this form of ownership
What is a partnership?
Keep employees motivated and attract the best talent in the industry
Why are compensation and benefits important?
Refers to anyone in contact with your customers
What are People in the marketing mix?
Financing raised by issuing stocks, that does not need to be repaid to the investor
What is equity financing?
___ = Current Assets / Current Liabilities
What is a Current Ratio?
Tax advantage, personal liability, organizational requirements, management and control, and ease of raising capital
What are the considerations in choosing an organizational form for your business?
Rent, utilities, salaries, wages, marketing...
What are business expenses?
Inform
Persuade
Remind
What is the purpose of advertising?