Studied by 10 peoplefinancial statement
A(n) ________ that shows a companys assets, liabilities, and net worth at a specific point in time- Balance Sheet.
Microeconomics
________- the study of the relationships between individual consumers and producers.
amount of money
The ________ remaining from revenues after all expenses are paid- Profit.
Macroeconomics
________- the study of the economics of the entire society.
Retention
Risk ________- Setting aside funds to help predict and loosen the loss of a risk in the future.
Gain
________ Or Loss Risk- (speculative risk)- There is a chance of loss or ________.
Form utility
________- when the physical characteristics of a product or service are improved.
Time utility
________- making the product or service available when the customer wants it.
The amount of money remaining from revenues after all expenses are paid
Profit
The study of how goods and services are produced, distributed, and consumed
Economics
The possibility of financial gain or loss or personal injury
Risk
A report developed to predict the expenses to be incurred and revenues to be received
Forecast
The business is legally responsible for damages
Liable
Involves preventing, reducing, or lessening the negative impacts of risk
Risk Management
The income that is distributed to investors
ROI (Return on Investment)
A system of deciding what is right or wrong in a reasoned and impartial manner
Ethics
The amount of satisfaction a person receives from the consumption of a particular product or service
Economic Utility
Shows revenues and expenses for a specific period of time reveals companys profit or loss
Income Statement
High standards of rules and guidelines
Principles
Making decisions to use resources in ways that result in the greatest profit
Profit Motive
Macroeconomics
the study of the economics of the entire society
form utility
when the physical characteristics of a product or service are improved
place utility
the product is available where it is wanted
possession utility
the product or service is available at an affordable price and easily obtainable
Gain Or Loss Risk
(speculative risk)- There is a chance of loss or gain
Controllable Risk- It can be controlled or prevented (Opposite
Uncontrollable risk)
Note
Flashcard