Chapter 2 Word Scramble
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Question | Answer |
What is a CPA? | Certiffied Public Accountant |
What are the two types of businesses? | For profit and Non-profit |
What is the difference between and for profit and non-profit business? | The non-profit business donates the profit of their operation back to the common good. The profit business benefits the owener/owners. |
Businesses that spend more money than they make are operating at a what? | loss |
What is an entrepreneur? | Someone who takes an idea and makes a business out of it. |
Name the two types of accounting systems. | Manual and computerized |
What are financial reports? | Summarized information about the financial status of a business |
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