Business: What´s it all about?

Description

Vocabulary # 1
FELIPE GUARDIA
Quiz by FELIPE GUARDIA, updated more than 1 year ago
FELIPE GUARDIA
Created by FELIPE GUARDIA almost 6 years ago
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Resource summary

Question 1

Question
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.
Answer
  • Financial Services
  • A corporation
  • A partnership
  • A manufacturing

Question 2

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

Question 3

Question
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.
Answer
  • A stock exchange
  • Contributed capital
  • Revenue
  • Expenses

Question 4

Question
are the earnings of a corporation distributes to the owners of the corporation
Answer
  • Shareholders
  • Dividends
  • Stock Market
  • Corporation

Question 5

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

Question 6

Question
are the owners of the corporation.
Answer
  • Shares of common stock
  • Stock market
  • SEC
  • Stockholders

Question 7

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

Question 8

Question
is the amount of money borrowed.
Answer
  • The principal of a loan
  • The interest
  • Revenue
  • Expenses

Question 9

Question
makes the goods it sells.
Answer
  • A partnership
  • A sole proprietorship
  • Merchandising company
  • A manufacturing company

Question 10

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