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32 Cards in this Set

  • Front
  • Back
group of people elected by stockholders to manage a corporation
board of directors
all items of value owned by a business or individual
assets
That which had been added as a natural increase, such as interest on money
accural
increase in the value of an asset over a period of time
appreciation
an entry of something owed in an account, the left-hand side of an account, where such entries are made
debit
the overall financial plan of the corporation or indiviudal, indicating proposed receipts and expenditures
budget
material goods (factory, equipment, etc.) used yo ptoduce profit
capital resources
anything that is bought and sold
commodity
credit extended from seller to buyer, wherein the money due is to be paid at a designated future date
deferred credit
a decrease in the value of an asset from age, wear, obsolescence, etc.
depreciation
the desire and teh ability of consumers to pay
demand
a charge for the use of a credit covering the merchant's or banker's, etc. cost of handling the credit account
finance charge
the amount a property is worth beyond what is owed on it
equity
the promise to replace or repair a purchased product or to refund money paid if the product is not as represented
guarantee
to predict, using statistics, the amount of goods to be manufactured and sold during a stated period of time
forecast
having to do with the funds and financial affairs of a business entity or government unit.
fiscal
a benefit given to an employee in addition to wages and those compensations required by law: health insurance, paid vacation, etc.
fringe benefits
the increase in the price of a product from the wholesale to the reatil level
markup
the fact of drawing up characters and other legal papers to convert a business into a corporation
incorporation
a sharp increase in prices resulting from too great an increase in money or bank credit
inflation
a laying out of money for something that is expected to produce a profit or benefit
investment
general business expenses incurred in operating a business, such as retail lighting, salaries, rent, etc.
overhead
the amount received after taxes and other items are deducted
net income
a means of furthering sales through advertising
promotion
a formula showing how average pridces have changed over a period
price index
the amount of money obtained from the sale of goods or services
proceeds
the forecasting of business production based on past performance
projection
the sale od products in small quantities directly to the consumer
retail
a change in destination of goods during transportation
reconsignment
a grant of moeny, especially one made by government
subsidy
a mark, picture, name, word, symbol, or letter owned and used by manufacturers or merchants to distinguish their goods
trademark
the sale of goods, usually in large quantities to retailers rather than directly to consumers
wholesale