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Study sets matching "business chapter 17"

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Study sets matching "business chapter 17"

10 terms
Business Concepts - Chapter 17
financial plan
owner's equity
financial manager
financial forecast
The ______ charts incoming and outgoing funds and outlines us…
______ is equal to the total assets of the business minus the…
The person in charge of a business's financial planning, fund…
An estimate of the future business climate for the company.
financial plan
The ______ charts incoming and outgoing funds and outlines us…
owner's equity
______ is equal to the total assets of the business minus the…
17 terms
Business Law - Chapter 17
Contract for Sale
Existing Goods
Future Goods
Contract to Sell
A legally enforceable agreement
Goods owned by the seller
These goods do not exist at the time of the sales transaction
An agreement to sell future goods
Contract for Sale
A legally enforceable agreement
Existing Goods
Goods owned by the seller
44 terms
Business Essentials - Chapter 17
Automatic bill payment
Automatic teller machine
Bank money order
Bank reconciliation
a service by which a bank deducts a payment from your account…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
Automatic bill payment
a service by which a bank deducts a payment from your account…
Automatic teller machine
a computerized device that allows customers to make bank tran…
19 terms
AICE Business Chapter 17
Market Research
Primary Research
Secondary Research
Qualitative Research
this is the process of collecting, recording and analyzing da…
the collection of first-hand data that is directly related to…
collection of data form second-hand source
research into the in-depth motivations behind consumer buying…
Market Research
this is the process of collecting, recording and analyzing da…
Primary Research
the collection of first-hand data that is directly related to…
49 terms
Business (Chapter 17)
Accounting
Accounting System
Managerial Accounting
Certified Management Accountant (CMA)
the recording, classifying, summarizing and interpreting of f…
the method that is used to record and summarize accounting da…
accounting used to provide information and analyses to manage…
a professional accountant who has met certain educational and…
Accounting
the recording, classifying, summarizing and interpreting of f…
Accounting System
the method that is used to record and summarize accounting da…
18 terms
Principles of Business - Chapter 17
Federal Reserve System
Commercial bank
Credit Union
Blank endorsement
Created by the federal government to supervise and regulate m…
Provide services such as accepting deposits, making business…
A user owned, not-for-profit financial institution. They serv…
only has the endorser's name
Federal Reserve System
Created by the federal government to supervise and regulate m…
Commercial bank
Provide services such as accepting deposits, making business…
10 terms
Consumer Protection- Chapter 17 Business Law
Caveat Emptor
Caveat Venditor
Adulterated
Cooling-Off rule
Latin phrase translated as "Let the buyer beware".
Latin phrase translated as "Let the seller Beware"
Product that contains any substance mixed or packed with it t…
Rule which gives consumers three business days to cancel most…
Caveat Emptor
Latin phrase translated as "Let the buyer beware".
Caveat Venditor
Latin phrase translated as "Let the seller Beware"
36 terms
Business Chapter 17
accounting
bookkeeping
financial accounting
management acct
analyzing and reviewing PAST financial transactions
no analysis, only recording info
accounting that deals with financial info for OUTSIDE users (…
accounting that deals with financial info for managers INSIDE…
accounting
analyzing and reviewing PAST financial transactions
bookkeeping
no analysis, only recording info
42 terms
Understanding Business Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant (CMA)
Financial Accounting
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
69 terms
Understanding Business Chapter 17
Accounting
Financial Transactions
Accounting System
Managerial Accounting
the recording, classifying, summarizing, and interpreting of…
the buying and selling of goods and services, acquiring insur…
the method used to record and summarize data into reports
type of accounting that provides information and analysis to…
Accounting
the recording, classifying, summarizing, and interpreting of…
Financial Transactions
the buying and selling of goods and services, acquiring insur…
43 terms
General Business Chapter 17 Review
Automatic bill payment
Automatic teller machine
bank money order
Bank reconciliation
A service by which a bank deducts a payment from your account…
A computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
The document created to show how your own record of your acco…
Automatic bill payment
A service by which a bank deducts a payment from your account…
Automatic teller machine
A computerized device that allows customers to make bank tran…
16 terms
Introduction to Business Chapter 17 terms
policy
rule
credit
return policy
a statement of guiding principles and procedures that serves…
a standard that is set forth to guide behavior or actions
an arrangement for deferred payment for goods and services
establishes the conditions under which items that have been o…
policy
a statement of guiding principles and procedures that serves…
rule
a standard that is set forth to guide behavior or actions
13 terms
Business 2 Chapter 17 Vocab
bank reconciliation
bank statement
commercial bank
check register
a statement showing how the checkbook balance and the bank st…
a report sent by the bank to a depositor showing the status o…
a bank that offers a full range of financial services
a separate form on which the depositor keeps a record of depo…
bank reconciliation
a statement showing how the checkbook balance and the bank st…
bank statement
a report sent by the bank to a depositor showing the status o…
55 terms
Business Chapter 17
data
information
database
knowledge management
numerical or verbal descriptions that usually result from som…
data presented in a form that is useful for a specific purpose
a single collection of data and information stored in one pla…
a firm's procedures for generating, using, and sharing the da…
data
numerical or verbal descriptions that usually result from som…
information
data presented in a form that is useful for a specific purpose
44 terms
business marketing chapter 17
advertising response function
institutional advertising
product advertising
advocacy advertising
a phenomenon in which spending for advertising and sales prom…
a form of advertising designed to enhance a company image rat…
a form of advertising that touts the benefits of a specific g…
a form of advertising in which an organization expresses its…
advertising response function
a phenomenon in which spending for advertising and sales prom…
institutional advertising
a form of advertising designed to enhance a company image rat…
42 terms
Business Management - Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant (CMA)
Financial Accountant
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
32 terms
Intro to Business - Chapter 17 - Managing Business Finances
Set of documents that outline the esse…
Money supplied by investors, banks, or…
Estimate of a business's financial out…
Plan specifying how money will be used…
Financial Plan
Capital
Financial Forecast
Buget
Set of documents that outline the esse…
Financial Plan
Money supplied by investors, banks, or…
Capital
20 terms
Business chapter 17
operations management
efficiency vs. effectiveness
goods
services
Concerned with activities involved in creating value by produ…
Lowest cost vs. Creating value
Tangible product that can be seen and touched
Intangible, experienced and not consumed
operations management
Concerned with activities involved in creating value by produ…
efficiency vs. effectiveness
Lowest cost vs. Creating value
chapter 17 business vocab
commercial bank
Federal Reserve System
Stop payment order
check register
a bank that offers a full range of financial services
a nationwide banking plan set up by the federal government to…
written notice telling the bank not to pay a certain check
a separate form on which the depositor keeps a record of depo…
commercial bank
a bank that offers a full range of financial services
Federal Reserve System
a nationwide banking plan set up by the federal government to…
Principles of Business Chapter 17
automatic bill payment
automatic teller machine
bank money order
bank reconciliation
a service by which a bank deducts from your account and trans…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
automatic bill payment
a service by which a bank deducts from your account and trans…
automatic teller machine
a computerized device that allows customers to make bank tran…
15 terms
Business chapter 17
Importing is the purchase (buying) of…
Exporting Is when Irish goods and serv…
Visible tradeis the import or export o…
Invisible trade is the import or expor…
What is importing
What is exporting
What is visible trade
What is invisible trade
Importing is the purchase (buying) of…
What is importing
Exporting Is when Irish goods and serv…
What is exporting
60 terms
Business Chapter 17 Vocabulary
Accounting
Financial accounting
Management accounting
Bookkeeping
measuring, interpreting, and communicating financial informat…
the area of accounting concerned with preparing financial inf…
the area of accounting concerned with preparing data for use…
record keeping; the clerical aspect of accounting
Accounting
measuring, interpreting, and communicating financial informat…
Financial accounting
the area of accounting concerned with preparing financial inf…
13 terms
Business chapter 17
Importing
Exporting
Visible trade
Invisible trade
The purchase of goods and services in Ireland
Irish goods and services being sold in other countries
The import or export of physical goods
The import or export of services
Importing
The purchase of goods and services in Ireland
Exporting
Irish goods and services being sold in other countries
59 terms
Business Chapter 17
Time Value of Money
Compound Growth
The Rule of 72
Stock
principle that invested money grows, over time, by earning in…
compounding of interest over time—with each additional time p…
can find the number of years needed to double your money by d…
portion of ownership of a corporation
Time Value of Money
principle that invested money grows, over time, by earning in…
Compound Growth
compounding of interest over time—with each additional time p…
61 terms
Business Chapter 17
Time Value of Money
Compound Growth
Stock
Common Stock
Principle that invested money grows, over time, by earning in…
Compounding of interest over time-with each additional time p…
Portion of ownership of a corporation
Most basic form of ownership, including voting rights on majo…
Time Value of Money
Principle that invested money grows, over time, by earning in…
Compound Growth
Compounding of interest over time-with each additional time p…
30 terms
Business Chapter 17
Operations Management
efficiency
effectiveness
goods
managing all of the activities involved in creating value by…
producing output or achieving a goal at the lowest cost
using resources to create value by providing customers with g…
tangible products
Operations Management
managing all of the activities involved in creating value by…
efficiency
producing output or achieving a goal at the lowest cost
32 terms
Chapter 17 - Managing Business Finances
Set of documents that outline the esse…
Money supplied by investors, banks, or…
Estimate of a business's financial out…
Plan specifying how money will be used…
Financial Plan
Capital
Financial Forecast
Buget
Set of documents that outline the esse…
Financial Plan
Money supplied by investors, banks, or…
Capital
40 terms
Business Management Chapter 17
Moore's law
Raw data
Information
First-mover advantage
the prediction that about every two years, computer processin…
facts and figures
useful data that can influence people's choices and behavior
the strategic advantage that companies earn by being the firs…
Moore's law
the prediction that about every two years, computer processin…
Raw data
facts and figures
42 terms
Understanding Business Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant
Financial Accounting
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people for p…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
42 terms
Business Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant (CMA)
Financial Accounting
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
21 terms
Chapter 17- Intro to Business
Financial Plan
Capital
Financial Forecast
Budget
a set of documents that outline the essential financial facts…
money supplied by investors, banks, or owners of a business
an estimate of a business's financial outlook for each of the…
a plan specifying how money will be used or spent during a pa…
Financial Plan
a set of documents that outline the essential financial facts…
Capital
money supplied by investors, banks, or owners of a business
24 terms
Chapter 17 - Agency - Business Law
Agency
Fiduciary... involving trust, especially…
Independent Contractor
Ratification
A relationship between two parties in which one party (the ag…
(noun) a person having a duty created by his or her undertaki…
One who works for, and receives payment from, an employer but…
A party's act of accepting or giving legal force to a contrac…
Agency
A relationship between two parties in which one party (the ag…
Fiduciary... involving trust, especially…
(noun) a person having a duty created by his or her undertaki…
12 terms
Business Chapter 17
Finance
Risk return trade off
Financial plan
Short term assets
planning, obtaining, and managing the company's funds in orde…
process of maximizing the wealth of a firm's shareholders by…
the inflows and outflows and sources of funds
cash, marketable securities, accounts receivable (when someon…
Finance
planning, obtaining, and managing the company's funds in orde…
Risk return trade off
process of maximizing the wealth of a firm's shareholders by…
14 terms
Chapter 17: business
Budgets
Variance analysis
Cash flow forecasts
Trade credit
Financial plans that forecast revenue from sales and expected…
Is process of investigating any differences between forecast…
States inflows and outflows of cash that managers of a busine…
Is period of time given by suppliers before customers have to…
Budgets
Financial plans that forecast revenue from sales and expected…
Variance analysis
Is process of investigating any differences between forecast…
43 terms
chapter 17 business terms
Accounting
Managerial accounting
Certified Management Accountant (CMA)
Financial accounting
The recording, classifying, summarizing, and interpreting of…
provides information and analysis to managers inside the orga…
a professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial accounting
provides information and analysis to managers inside the orga…
12 terms
Business: Chapter 17
financial plan
capital
financial forecast
budget
set of documents that outline the essential financial facts a…
money supplied by investors, banks, owners of a business
an estimate of a business' financial outlook for the next few…
a plan specifying how money will be used or spent during a pe…
financial plan
set of documents that outline the essential financial facts a…
capital
money supplied by investors, banks, owners of a business
13 terms
Business Chapter 17
Federal Reserve System
commercial bank
credit union
Federal Deposit Insurance Corporation
supervise and regulate member banks serve the public efficien…
most common way for a bank to be organized
user owned, not-for-profit, cooperative financial institution
the federal agency that helps to regulate banks and other fin…
Federal Reserve System
supervise and regulate member banks serve the public efficien…
commercial bank
most common way for a bank to be organized
13 terms
Business Law: Chapter 17
alienation
assignee
assignment
assignor
In real property law, the voluntary transfer of property from…
the person to whom the contracts rights are assigned.
the act of transferring to another all or part of one's right…
the person to who assigns contracts rights.
alienation
In real property law, the voluntary transfer of property from…
assignee
the person to whom the contracts rights are assigned.
10 terms
Business Math Chapter 17 Definitions
Product test
Opinion research firm
Opinion survey
Sales potential
A test to see how well a new product is likely to sell by ask…
A business that specializes in product testing and opinion su…
A series of questions about a new product submitted to a grou…
An estimate of the sales volume of a product during a specifi…
Product test
A test to see how well a new product is likely to sell by ask…
Opinion research firm
A business that specializes in product testing and opinion su…
16 terms
Small Business Management Chapter 17
personal selling
advertising
sales promotions
Most commonly used promotional item
a face-to-face meeting with a customer; the best way to make…
A strategy to sell by informing, persuading, and reminding cu…
any promotional activities other than advertising and persona…
ink pen
personal selling
a face-to-face meeting with a customer; the best way to make…
advertising
A strategy to sell by informing, persuading, and reminding cu…
10 terms
Business Math Chapter 17 Marketing
Product test
Opinion research firm
Opinion survey
Sales potential
A test to see how well a new product is likely to sell by ask…
A business that specializes in product testing and opinion su…
A series of questions about a new product submitted to a grou…
An estimate of the sales volume of a product during a specifi…
Product test
A test to see how well a new product is likely to sell by ask…
Opinion research firm
A business that specializes in product testing and opinion su…
28 terms
Understanding Business: Chapter 17
Generally Accepted Accounting Principl…
Financial Accounting
Managerial Accounting
Assets
standard framework of guidelines for financial accounting
Accounting information and analyses prepared for people outsi…
Accounting used to provide information and analyses to manage…
Economic resources (things of value) owned by a firm
Generally Accepted Accounting Principl…
standard framework of guidelines for financial accounting
Financial Accounting
Accounting information and analyses prepared for people outsi…
63 terms
Business 1101: Chapter 17
Time Value of Money
Compound growth
Rule of 72
Stock
Principle that invested money grows overtime by earning inter…
Compounding of interest overtime - with each additional time…
Find the number of years to double your money by dividing ann…
Portion of ownership of a corporation
Time Value of Money
Principle that invested money grows overtime by earning inter…
Compound growth
Compounding of interest overtime - with each additional time…
35 terms
Contemporary Business Chapter 17
Finance
Financial Managers
Vice President for Financial Management
Treasurer
Planning, obtaining, and managing a company's funds to accomp…
Executive who develops and implements the firm's financial pl…
Is responsible for preparing financial forecasts and analyzin…
Is responsible for all of the company's financing activities,…
Finance
Planning, obtaining, and managing a company's funds to accomp…
Financial Managers
Executive who develops and implements the firm's financial pl…
26 terms
Business Law Chapter 17
Administrative Law
Primary sources of admin law
Administrative Procedures Act
Administrative Agency
Consists of statutes that define the authority and structure…
1) the enabling statutes of admin agencies... 2) Admin Procedure…
- determines the primary structure of admin law... - enacted in…
given authority to investigate violations of agency rules and…
Administrative Law
Consists of statutes that define the authority and structure…
Primary sources of admin law
1) the enabling statutes of admin agencies... 2) Admin Procedure…
53 terms
Business MGMT Chapter 17
annual report
bonds payable
depreciation
income statement
an audited document required by the SEC containing financial…
long-term debt owed by a company to investors who have purcha…
noncash expense that reduces the value of an asset over a pre…
a financial statement that summarizes a firm's performance an…
annual report
an audited document required by the SEC containing financial…
bonds payable
long-term debt owed by a company to investors who have purcha…
15 terms
Business studies chapter 17
communication
Downward communication
Upward communication
Horizontal communication
sending and receiving information
giving information or instructions to their subordinates
giving feedback back to their managers or instructors
when workers on the same level exchange information to comple…
communication
sending and receiving information
Downward communication
giving information or instructions to their subordinates
12 terms
Business 17 Chapter 17
Reals estate investment types
Direct investment *
Indirect investment *
REIT... (Real estate investment trust) *
1. Direct:... 2. Indirect
Hold legal title to the property... - Primary home, vacation ho…
Trustee holds legal title... - Real estate syndicates of limite…
A firm that pools investor funds and invests them in real est…
Reals estate investment types
1. Direct:... 2. Indirect
Direct investment *
Hold legal title to the property... - Primary home, vacation ho…
31 terms
Business Administration - Chapter 17
Operations management
Efficency
Effectiveness
Goods
Managing all of the activities involved in creating value by…
Producing output or achieving a goal at the lowest cost
Using resources to create value by providing customers with g…
Tangible goods
Operations management
Managing all of the activities involved in creating value by…
Efficency
Producing output or achieving a goal at the lowest cost
32 terms
Business Law Chapter 17
Condition
Express Condition
Satisfaction
Subjective Satisfaction
an event whose happening or non-happening affects a duty of p…
contingency explicitly set forth in language
express condition making performance contingent upon one part…
approval based upon a party's honestly held opinion
Condition
an event whose happening or non-happening affects a duty of p…
Express Condition
contingency explicitly set forth in language
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