CPAS Review # 6 - Business Fundamentals

Prevents "scare tactics" from debt collectors

natural resources or gifts of nature not created by human effort; trees, water, etc.

function of a manager who directs and leads people to complete a project

function of a manager who identifies and arranges work and resources needed to achieve goals

requires creditors to inform consumers the cost and terms of credit

business run by several individuals who own stock in business

alternative that must be given up when one choice is made rather than another

activity, set of instructions, & process for creating,communicating,delivering&exchanging items

requires people the right to know what's in their credit report

function of a manager who analyzes, sets goals, and makes decisions about what needs to be done

people and their abilities and efforts to work; a factor of production

highways, water, power, sewage, roads, bridges

tools, equipment, factories used in the production of goods & services; a factor of production

establishes the minimum wage and maximum hours for employees

legal process where a debtor can make a fresh start through the sell of assets to pay off debts