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Ch. 9 1/2
vocab
| Question | Answer |
|---|---|
| Goods that a business purchases to sell | Merchandise |
| A business that purchases and sells goods | Merchandising business |
| A merchandising business that sells to those who use or consume the goods | Retail merchandising business |
| A business that buys and resells merchandise to retail merchandising businesses | Wholesale merchandising business |
| A journal used to record only one kind of transaction | Special journal |
| An organization with the rights of a person and which many persons may own | corporation |
| Each unit of ownership in a corporation | Share of Stock |
| Total shares of ownership in a corporation | Capital Stock |
| An owner of one or more shares of a corporation | Stockholder |
| The price a business pays for goods it purchases to sell | Cost of Merchandise |