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Accounting - Basic business terms Flashcards | StudBud
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Accounting - Basic business terms
Accounting - Basic business terms
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Basic business terms for Accounting students.
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
What type of business is
Kellogs
?
merchandising
service
manufacturing
2
A type of business that limits the owner's financial risk.
sole proprietorship
corporation
partnership
3
What type of business is
Target
?
service
manufacturing
merchandising
4
A business that makes or builds something.
manufacturing
merchandising
service
5
A business where owner's share risks and profits.
partnership
sole proprietorship
6
What type of business is
Shoprite
?
service
manufacturing
merchandising
7
A business that resells someone else's product.
service
manufacturing
merchandising
8
The money and property a business owns.
charter
profit
capital
9
What type of business is an
Exxon
gas station?
service
manufacturing
merchandising
10
A business owned by one person (or a husband and wife).
corporation
partnership
sole proprietorship
11
What type of business is
Apple Computers
?
merchandising
manufacturing
service
12
When a business can sell the products and services the owners choose.
free enterprise
socialism
13
What type of business is
Landscaping
?
merchandising
service
manufacturing
14
When a business is bringing in more money than they are paying out.
charter
capital
profit
15
When business expenses are more than revenue (money coming in).
loss
profit
16
The most complicated type of business to start.
partnership
corporation
sole proprietorship
17
What type of business is
Dollar General
?
service
merchandising
manufacturing
