IBT Terms #4

the amount you pay for using credit

a sheet that displays all accounts and tests if the debit balance equals the credit balance

the relatively consistent pattern of behavior that characterizes a leader

a business owned and run by just one person

includes all activities involved in obtaining, preparing, and compensating employees

the contract's purpose must be to accomplish some goal that is legal

chronological records of transactions

reports how much the company is worth to the owners at the time the balance sheet is issued

the money you earn and/or receive

leadership style in which all rights and power is fully given to the worker

a distinctive name, symbol, word, or picture that a company uses to identify products

technical knowledge or creative work; includes software, clothing designs, music, books, etc.

financial protection purchased to compensate for loss

a collective term for the accounts of a business; often referred to as T-account

the company or agency that writes an insurance policy

any event or activity that can be measured in terms of money

loyalty to rational principles; doing what is right when no one is looking

work done with an understanding and commitment to group goals

documents that serve as proof of a transaction

a specific group of consumers that have similar wants and needs

an invention or creation that is brand new

the ability to affect the behavior of others in a particular direction

an individual, usually but not always the buyer, covered by an insurance policy

the long term goals of what a business wants to accomplish in the future

the ability to inspire confidence and support among the people of an organization