Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
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

World of Business

Parson - Chp 2 Exploring the World of Buisness

QuestionAnswer
Free Enterprise System A country where people are free to produce the goods and services they chose.
Profit A buisness that earns more money than they spend.
Loss A business that spends more money than they earn.
Entrepreneurs transform ideas for products or services into real-world business.
Capital Money supplied by investors, banks, or owners, of a business.
Service business A company that provides a service for a fee.
Merchandising business a company that buys finished products and resells them to individuals or other businesses
Manufacturing business a company that buys raw materials, such as wood or iron ore, and transforms them into finished products through the use of labor and capital.
Sole Proprietorship a business owned by one person
Partnership a business owned by two or more persons.
Corporation a business organization that is recognized by law to have a life of its own.
Charter Legal permission given to a corporation that gives it certan rights and privileges. It spells out the rules under which the corporation is to operate.
Accounting System A system designed to collect, document, and report on financial transactions affecting the business.
Manual Accounting System Accounting information which is processed by hand.
Computerized Accounting System the financial information is recorded by entering it into a computer.
Genneral Accepted Accounting Principles Accounting principles used by all accountants
Financial Reports Summarized information about the financial status of a business
Financial Accounting Reporting information to external users
Management Accounting Reporting information to internal users.
Business Entity Accounting assumption that says that a company exists independently of its owners personal holdings.
Accounting Period a period of time covered by an accounting report.
Going Concern An assumption that the business will continue to operate unless it is clear that it cannot survive.
Created by: yparson
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards