Duplicate of DECA Prep #2

A budget is a plan to manage finances

People who create, start and manage new businesses

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

A field that combines marketing information management with customer service

An individual's value as a stockholder within a company

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

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

Face to face meeting with a potential employer

A form that gathers information about potential employees

GAAP stands for

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

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

haircuts, shoe shines and house cleaning are all examples of

Net Sales

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

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

values and principles that guide decisions

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

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

the total of all sales during a given time period

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

General Partnership is where each partner has unlimited liability

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

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

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