Key Terms Review 1.01

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Across
  1. 3. Money that remains after a business has paid for the expenses of running the business.
  2. 5. The process of developing, installing, and implementing computer information systems and applications.
  3. 10. A business considered separate from the owners of the business by law. The owners are the stockholders.
  4. 11. Items that would be nice to have, but are not necessary.
  5. 13. The process of creating, promoting, and presenting a product to the consumers.
  6. 15. > Expenses
  7. 16. A person's incentive to work to gain something for himself or herself (that is to make money).
  8. 17. producing goods
Down
  1. 1. activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.
  2. 2. organization A business whose goal is to provide a service rather than to make a profit, such as the American Red Cross.
  3. 3. A business owned by two or more people.
  4. 4. Contest between businesses to win customers' business and loyalty
  5. 6. Items necessary for existence, such as clothing, food, and shelter.
  6. 7. The activities that deal with the hiring, firing, training and other personnel (employee) issues.
  7. 8. Items businesses sell that can be physically weighed or measured, such as iPods and CDs.
  8. 9. The process of leading and directing all or part of an organization
  9. 10. A person who uses goods or services. Many times the consumer is also the customer (purchaser).
  10. 12. Tasks that businesses perform or provide for customers, such as haircuts and car washes.
  11. 14. The process of recording and reporting the financial data for a business.