Business: What´s it all about?

Descripción

Vocabulary # 1
FELIPE GUARDIA
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Resumen del Recurso

Pregunta 1

Pregunta
is a special legal form for a business in which the business is a legal entity separate from the owners. A corporation may have a single owner or a large number of owners.
Respuesta
  • Financial Services
  • A corporation
  • A partnership
  • A manufacturing

Pregunta 2

Pregunta
is the name for the resources used to start and run a business.
Respuesta
  • A not for profit firm
  • Net income
  • A for profit firm
  • Capital

Pregunta 3

Pregunta
is a marketplace where buyers and sellers exchange their shares of stock. Buying and selling shares of stock can also be done on the internet.
Respuesta
  • A stock exchange
  • Contributed capital
  • Revenue
  • Expenses

Pregunta 4

Pregunta
are the earnings of a corporation distributes to the owners of the corporation
Respuesta
  • Shareholders
  • Dividends
  • Stock Market
  • Corporation

Pregunta 5

Pregunta
equals all revenues minus all expenses for a specific period of time
Respuesta
  • GAAP
  • Financial Services
  • Net income
  • Interest

Pregunta 6

Pregunta
are the owners of the corporation.
Respuesta
  • Shares of common stock
  • Stock market
  • SEC
  • Stockholders

Pregunta 7

Pregunta
is an owner´s investment in a company.
Respuesta
  • Shareholders
  • Contributed capital
  • Principal of a loan
  • interest

Pregunta 8

Pregunta
is the amount of money borrowed.
Respuesta
  • The principal of a loan
  • The interest
  • Revenue
  • Expenses

Pregunta 9

Pregunta
makes the goods it sells.
Respuesta
  • A partnership
  • A sole proprietorship
  • Merchandising company
  • A manufacturing company

Pregunta 10

Pregunta
23. [blank_start]Generally accepted accounting principles[blank_end] are the guidelines for financial reporting.
Respuesta
  • Generally accepted accounting principles
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