Small Business Management Flashcards

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

Front

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

Back

Accounts Receivable

Front

A company that is inherited or bought.

Back

Acquisition

Front

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

Back

Actuating (Directing, Leading)

Front

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

Back

Advertising

Front

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

Back

Age Discrimination in Employment Act

Front

Measures the average time to collect receivables.

Back

Age of Accounts Receivable

Front

Measures the average time required to sell inventory.

Back

Age of Inventory

Front

Legislation that guarantees disabled people equal access to employment, as well as access to public places.

Back

American with Disabilities Act (ADA)

Front

The paying of a debt in regular installments over a period of time.

Back

Amortization