Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Section 1

Free Enterprise System A system in which individuals are free to produce the goods and services they choose.
Profit The amount earned above the amount of expense incurred for payment.
Loss The result when a business spends more money than it earns.
Entrepreneur A person who transforms ideas for products or services into real-world businesses
Capital Money supplied by investors, banks, or owners of a business.
Service Business A business that provides a needed service for a fee.
Merchandising Business A business that buys finished goods and resells them to individuals or other businesses.
Manufacturing Business A business that buys raw materials and transforms them into finished products by using labor and machinery.
Sole Proprietorship A business owned by one person.
Partnership A business as co-owned by two or more persons, called partners, who agree to operate the business as co-owners.
Corporation A business organization recognized by law to have a life of its own
Charter The legal permission, granted by a state, that gives a corporation certain rights and privileges and spells out the rules under which the corporation is to operate.
Created by: 238718