Test 4 (CHs 13, 14, 15, 16) Review

A __________ is a bond backed only by the reputation of the issuing corporation.

Software designed to infiltrate a computer system and disrupt normal computer activities is known as

A set of guidelines and practices for U.S. companies reporting financial information and the accounting profession.

Assets that will be held or used for a period longer than one year.

Debt capital is financing provided by the owner or owners of the business.

Financial planning begins with establishing a set of valid goals and objectives.

Which of the following would be allowed to elect a corporation’s board of directors?

Numerical or verbal descriptions that usually result from some sort of measurement.

A single collection of data and information stored in one place that can be used by people throughout an organization.

This type of accounting generates reports for interested people outside of an organization.

When a business attempts to sell products or services to another business, a(n) _______ model is being used.

A __________ budget estimates a firm’s expenditures for major assets.

The use of only a single retail outlet in each geographic area for distribution purposes is called _______ distribution.

Speculative production is an example of a long-term financial need.

Data that is presented in a form that is useful for a specific purpose.

Social media communities are groups of people who share no common interests.

Where would you find the total amount of assets, liabilities, & owner's equity for the Hershey Company?

Inaccurate information is typically more dangerous for a firm than irrelevant information.

An IPO occurs when a corporation sells common stock to the general public for the first time.

This type of accounting provides managers & employees within an organization with information needed to make decisions.

The accounting equation states that Assets = Liabilities + Owner's Equity

The cost of lost sales due to insufficient inventory is called __________ cost.

The four major ingredients in the promotion mix are advertising, personal selling, public relations, and

Commercial paper is a short-term promissory note issued by a small business.

The most popular and inexpensive form of short-term financing is

The most direct channel of distribution is from a producer to a retailer to the consumer.

The most expensive promotional method is personal selling.

A type of computer usage in which services stored on the Internet are provided to users on a temporary basis is known as

The most basic form of corporate ownership is

A middleman that takes title to products and then sells the products to other firms is commonly referred to as a(n)

Carriers are important in the ____________ of products to customers.

The terms data and information mean the same thing.

Debts that will be repaid in one year or less.

A ____________ specializes in buying other company’ accounts receivable.

In a B2C model, the focus is facilitating sales transactions between businesses.

Each source of revenue flowing into a firm is referred to as a revenue stream.

Trade credit is the least popular form of short-term financing.

Retailers can be classified by ownership in two categories:

Typical quantitative measurements for social media websites include

Debt capital is money obtained from the sale of shares of ownership in a business.