4.01 terms
anything of value that a business owns
ASSETS
people who make or provide goods and services
producers
a desire for something that is not required.
want
complying with the laws and regulations
rule of law
desire for work or activity; energy
Ambition
financial statements that capture the financial condition of the business at that particular moment.
BALANCE SHEET
retailers who operate solely online
need
reliable;deserving the confidence of others
trustworthy
manner, disposition, feeling, position, etc., with regards to a person or thing; tendency or orientation, especially of the mind
Attitude
debts that businesses own
liabilities
a type of producer that changes the shape or forms of materials so that they will be useful to consumers
manufacturer
the amount of money paid for a good,service,or resource
price
long term value of your choices
viability
the quality or feeling of being grateful or thankful
Gratitude
summary of accounting information
financial statement
a type of producer that constructs roads,bridges,houses,etc
builders
the economic process or activity of producing goods and services
production
an issue in which you must decide whether something is right or wrong
ethical situation
professional character, spirit, or methods
Professionalism
the total value of the business
net worth
the duty of business to contribute to the well being of society
social responsibility
people who work to produce goods and services
human resources
ethics
a management to make significant decisions by themselves
authoritarian management