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Small Business Management Flashcards

Small Business Management Flashcards

Assessment

Flashcard

•

Business

•

University

•

Easy

Created by

Monday Mayhem

Used 1+ times

FREE Resource

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100 questions

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1.

FLASHCARD QUESTION

Front

An unwritten promise to pay creditors for property, such as merchandise, supplies, or equipment, purchased on credit, or for services received on credit.

Back

Accounts Payable

2.

FLASHCARD QUESTION

Front

An unwritten promise by a customer to pay, at a later date, for goods sold or services rendered.

Back

Accounts Receivable

3.

FLASHCARD QUESTION

Front

A company that is inherited or bought.

Back

Acquisition

4.

FLASHCARD QUESTION

Front

The process of guiding and/or supervising the activities of an organization to achieve plans and objectives.

Back

Actuating (Directing, Leading)

5.

FLASHCARD QUESTION

Front

The art of making the public aware of the services or commodities that the business has for sale.

Back

Advertising

6.

FLASHCARD QUESTION

Front

Federal legislation that requires employers to treat applicants and employees equally regardless of age.

Back

Age Discrimination in Employment Act

7.

FLASHCARD QUESTION

Front

Measures the average time to collect receivables.

Back

Age of Accounts Receivable

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