Term
Quiz 1: Introduction to Business
(Term)
BUSINESS |
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Definition
Quiz 1: Introduction to Business
(Definition)
All of the activities necessary to prvide the members of an economic system with goods and sevices. |
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| An organization operated to earn a profit. |
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| A form of organization with a single owner. |
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| The assumption that a single, identifiable unit must be acounted for in all situations. |
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| A business owned by two or more individuals; the organization form often used by accounting firms and law firms. |
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| A form of entity organized under the laws of a particular state; ownership evidenced by shares of stock. |
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| A certificate that acts as evidence of ownership in a corporation. |
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| A certificate that represents a corporation's promise to repay a certain amount of money and interest in the future. |
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| An organization operated for some purpose other than to earn a profit. |
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| An obligation of a business. |
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| Indicates the owners contribution to a corporation. |
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| One of the owners of a corporation. |
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| Someone to whom a company or a person has a debt. |
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| A future economic benefit. |
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| An inflow of assets resulting from the sale of goods and services. |
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| An outflow of assets resulting from the sale of goods and services. |
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