Intro to Business - Final Exam

Front

accounting entries representing the money a company owes to creditors for items purchased on credit

Back

Accounts Payable

Front

With each sale on account, a business takes the risk that the customer will never pay the amount owed.

Back

True

Front

The fee charged for the use of money.

Back

Annual percentage rate (APR)

Front

What is another name for Statement of Financial Position?

Back

Balance Sheet

Front

What is the name given for all the resources owned by the business?

Back

Assets

Front

A legal process to get out of debt when you can no longer make all your required payment.

Back

Bankruptcy

Front

What is Bull market?

Back

When everything goes up and people are buying.

Front

What is a Bear market?

Back

When prices go down and nobody is buying.

Front

1-4 letter symbol used to represent a company

Back

Ticker Symbol

Front

When a business has made enough money to pay its costs and begin to make a profit, it has reached its

Back

break-even point