Create an account
free enterprise system
An economic system in which individuals depend on supply and demand and the profit margin to determine what to produce, how to produce, how much to produce, and for whom to produce. The quest for improvement financially and materially motivates consumers and producers.
wealth in the form of money or property owned by a person or business and human resources of economic value
a contract between two or more persons who agree to pool talent and money and share profits or losses
a planned process for providing financial information that will be useful to management
manual accounting system
A system in which accounting information is recorded and proccessed by hand
computerized accounting system
A system in which finical information is recoreded by entering it into a computer
Accounting information and analyses prepared for people outside the organization.
Exists independently of its owner's personal holdings; The accounting records and reports are maintained separately and contain financial information related only to the business
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together