POB review

used to reduce and eliminate costs in business.

the measurement of how many workers are supervised by one manager

advisory authority,often without the ability to enforce or take action

A measure of how well a business generates cash flow in relation to the capital it has invested

intermediaries who help to move goods between producers and retailers .

Management of a firm's current balance of assets and liabilities involves accounts payable.

an accounting method method in which income and expenditures are recorded at the same time

a type of accounting that involves preparing and reporting financial data to internal users.

A form of business ownership that is owned by stockholders.

business that buy and sell goods to other;retailers and wholesalers

A franchise arrangement based on an independent sales relationship between franchises.

The stage of the business cycle characterized by increased spending and borrowing

the process of keeping and interpreting financial records

2 individual businesses that combine to form 1 organization.

A form of business growth in which a corporation acquires many smaller companies.

Resources above and beyond what are needed to operate an organization.

A form of business ownership in which the business is owned by 2 or more persons.

A type of business that performs intangible activities that satisfy the wants of consumers.

A business that buys consumer goods or services and sells them to the ultimate consumer.

a method of accounting that records transactions at the time they occur even if money changes

An established set of rules.

the process of keeping and interpreting financial records.

Refers to the number of days between a company's paying for raw materials and receiving cash.

decisions that determine which projects a business will invest in,

the process of obtaining funds and using them to achieve the goals of the business

The duty of business to contribute to the well-being of society.

Fulfilling one's obligations in dependable, reliable manner.

Business owned by one person who receives all the profits from the business and takes all risk

the methods and procedures used in consistently handling the business financial information

Contractual agreement between a parent company and a franchisee to distribute goods or services