Barter, Money, IOE
the term money.
What is a medium of exchange, generally accepted for payment.
the term functional area
What is the grouping of individuals based on their areas of specialization.
the term "ethics" means
What is doing the right thing
The term economy is concerned with
The term stake holder means
What is someone who has a vested interest in the success of a business.
The act of trading goods and services for other goods and services without the use of money.
What is barter
The functional area of a business responsible for all financial matters
What is the Finance/ Accounts Department
State two ethical practices
what is Money laundering
Paying taxes
Paying fair wages
Creating a safe and clean environment for workers
The command economy means
What is an economy that is controlled by the government. They determine what is to be produce.
The most important stakeholder of the business
What is the customers
What is
Portable
Divisible
Homogeneous
Medium of exchange
Scarce
What is
recruiting staff
Training employees
Boycott means
What is customers withdrawing their support from a business
Difference between public and private sector
What is a public sector is owned and controlled by the government, private sector is owned and controlled by private individuals
three external stakeholders
what is government, suppliers, customers