Unit 4 Key terms

1234567891011121314151617
Across
  1. 5. of assets: Finance activity involving making decisions about a firm’s investments
  2. 6. Anything of value that a business owns
  3. 7. Debts that the business owes
  4. 9. The process of keeping financial records
  5. 13. An individual who has had specialized training in accounting procedures
  6. 14. cost: The money it takes to keep inventory in stock
  7. 15. Money received by a business or an individual from outside sources
  8. 17. The production activity that determines the sequence of the steps in
Down
  1. 1. equity: The amount an owner has invested in the business plus or minus profits and losses
  2. 2. The monies that a business spends; also called expenditures
  3. 3. In business, the function that involves all money and money management matters
  4. 4. A sum of money paid to an investor or stockholder as earnings on an investment
  5. 5. of funds: Finance activity involving making decisions about financing
  6. 8. cycle: A process or series of steps that businesses complete to maintain their financial records effectively
  7. 10. Marketing element focusing on considerations in getting a selected product in the right place at the right time
  8. 11. standards: Rules that accountants must follow when preparing financial statements
  9. 12. line: A business’s net income; the decisive point
  10. 16. Marketing element requiring marketers to determine the amount of money they will ask in exchange for their products