MM Unit 6 Word Scramble
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Question | Answer |
Sales for which the company has not yet been paid | Accounts receivable |
Things a business owns | Assets |
A description of the type and amount of assets, liabilities, and capital in a business on a specified date | Balance sheet |
A detailed projections of financial performance for a specific time period usually one year or less | Budget |
A risk that can be reduced or avoided by actions you take | Controllable risk |
a risk that is caused by the uncertainty of market forces, economic trends, and politics | Economic risk |
A detailed summary of the financial performance for a business or a part of a business | Financial statement |
A risk that arises because of the potential actions of individuals, groups, or organizations | Human risk |
A legal responsibility for loss or damage | Liability |
A risk caused by the unpredictability of nature such as the weather | Natural risk |
All costs associated with business operations | Operating expense |
The money received from the sale of products and services | Revenue |
The possibility that a loss can occur as the result of a decision or activity | Risk |
Includes providing security and safety for products, personnel, and customers as well as reducing the risk associated with marketing decisions and activities | Risk management |
A risk for which a persons actions do not affect the result | Uncontrollable risk |
Created by:
kweenbee30
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