DECA Prep #2

Liability refers to an individual's value as a stockholder within a company

A field that combines marketing information management with customer service

haircuts, shoe shines and house cleaning are all examples of

Face to face meeting with a potential employer

tangible items of monetary value, like pizza, shoes, and cars

A legal entity that is owned by stockholders that have limited liability

A budget is a plan to manage finances

Business expenses that are always the same no matter how many units are produced are know as

All items that have a ash value that are owned by the business are know as

GAAP stands for

In a Partnership only one partner is responsible for the success or failure of the business

Economic utilities refer to the concept of adding value to a product

the total of all sales during a given time period

Type of ownership where each partner is only liable for debt up to the amount they invested

Amount spent to produce and purchase goods that are sold in the business is know as

People who create, start and manage new businesses

A form that gathers information about potential employees

When a business is owned by two or more people that are bound in a legal agreement.

An individual's value as a stockholder within a company

values and principles that guide decisions

Business expenses that change based on the number of units that are produced are known as

General Partnership is where each partner has unlimited liability

Liability refers to all the money that is owed to others by the business

A business that is owned by a single owner that provides the money and skill to run the busines

Net Sales