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