BME Lesson 1

includes land and the materials that come from the land, such as timber, mineral deposits, oil deposits and water.

• Natural Resources

• Labor (Human Resources)

• Capital

• Entrepreneurship

encompasses the mental and physical efforts of all workers regardless of their skill or education, who perform many tasks required to produce and sell goods and services.

• Natural Resources

• Labor (Human Resources)

• Capital

• Entrepreneurship

includes buildings, machinery and tools used to produce goods ang services. This also sometimes refer to the money used to buy those items.

• Natural Resources

• Labor (Human Resources)

• Capital

• Entrepreneurship

refers to the people willing to accept the opportunities and risks of starting and running businesses.

• Natural Resources

• Labor (Human Resources)

• Capital

• Entrepreneurship

to provide quantitative information,
primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions.

• Accounting

• Quantitative

• Business

• Financial Accounting

refers to numbers and financial means having to do with money. It is influenced by and interacts with economic, social and political environments.

• Accounting

• Quantitative

• Business

• Financial Accounting

is conducted by investor-owned enterprises managed and controlled by professional managers, who are held responsible for providing reports to absentee owners, creditors and other external interested parties.

• Accounting

• Quantitative

• Business

• Financial Accounting

It communicates information about the economic effects of accounting transactions and other events on a business entity to those external users of the information.

• Accounting

• Quantitative

• Business

• Financial Accounting

It is primarily the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by users of the information.

• Accounting

• Quantitative

• Business

• Financial Accounting

is a process with the basic purpose of providing information about economic that is intended to be useful in making economic decisions.

• Accounting

• Quantitative

• Business

• Financial Accounting