BE Final Review

How can you boost your credit score?

define opportunity cost

A trademark is.......

What is the accounting equation?

A consumer is

What is a Partnership defined as?

A cost benefit analysis looks at

[answer] is language understood by one profession, but not always understood by others.

allocating resources($) with the expectation of generating a profit or income.

How can you build credit history?

money received, especially on a regular basis

In a staff meeting the seriousness of an issue was conveyed in Managements voices. The speech element used was

Accrual means:

an agreement for a home buyer to borrow money from a lender

This person owns, operates, and accepts the risk of a new business venture.

This give average people a share of large corporations

When developing a product or service, a business must do all of the following except...

“You were patient & understanding when responding to customer concerns. Thank you for representing our company well."

When communicating, it's important that you

examining the advantages and disadvantages of each alternative to arrive at a decision

what are royalties?

Creditors are required to inform consumers about ___ before offering them a credit product

The process of identifying, recording, summarizing, and analyzing and entities financial transactions and reporting them

revenue and expenses recorded together, keeps them in same period

monetary or non-monetary gain

Your home gas bill is an example of this expense

The accrual basis of accounting records revenues when they are...

What is a budget?

What should you do first when someone gives you a set of written instructions to follow?

An organized association of workers formed to protect their rights and interests

Resources are items people use to make or get what they want or need

Define Scarcity

GDP is...

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency

What might result if a business fails to maintain positive customer/client relations?

This type of communication is the most frequent and follows the chain of command.

Which is NOT one of the 5 Cs

Which accounting method recognizes revenue when the cash is received?

WHAT DOES INTEGRITY MEAN?

Which closing is the most appropriate to use for a businessperson who is sending formal email correspondence

What is the main category a credit score calculator will look at when determining your credit score? (pie chart)

GDP

Credit is the ability of a customer to obtain goods or services [answer] payment.

When communicating, how much of your message is delivered non-verbally?

Which side does Debit go on?

Marketing includes distribution, financing, marketing info management, pricing, product/serv. management, promo,selling

Example of a variable expense

What is Direct Deposit?

A variable expense...

Prosperity or Boom, Recession, Depression, Recovery

Is listening active or passive?

A good credit score is