Year 10 Business Terms Revision Crossword

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Across
  1. 6. ____for a certain period is the difference between the revenue earned and the expenses incurred for that period of time, e.g. six months.
  2. 10. Material living standards include tangible goods and services, like cars, health coverage, etc
  3. 11. When a business has not been able to create or generate money they will lose money
  4. 13. A report showing a businesses overall gross profit and net profit over a given period of time
  5. 15. are the costs incurred in earning the revenue.
  6. 16. A person who sets up a business or businesses, taking on financial risks in the hope of profit
  7. 18. The degree of wealth and material comfort available to a person or community.
  8. 19. The statement of net worth of a business. The Balance Sheet shows the assets, liabilities and proprietorship of a business at a particular point in time. The Balance Sheet always balances!!
  9. 22. ________usually has between two and 50 private shareholders. They tend to be a small to medium sized business, they are owned by private shareholders .
  10. 24. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.
  11. 25. GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
  12. 26. A ________ business has ONE person who owns the business
Down
  1. 1. Something that can be physically touched
  2. 2. An innovation can be a whole new product, a variation on an existing product that improves it, such as colour, design or features, advancements in technology or a different way of taking a product to the market.
  3. 3. cash, machinery, receivable accounts, property, or houses.
  4. 4. Most _______ are large in size. The shares are listed on the Australian Securities Exchange, and can be bought and sold freely to the public.
  5. 5. __________is a process that people take up to address a work challenge or fulfil a social purpose.
  6. 7. The willingness or drive to do something
  7. 8. Someone who your business owes money to
  8. 9. The person or business that buys your product or service
  9. 12. Things of value owned by a business e.g. cash on hand, cash at bank, debtors, stock, motor vehicles, furniture & fittings, land, buildings
  10. 13. A ______ is a business which is owned by two or more people. Most partnerships have a maximum of 20 partners.
  11. 14. A person or business who owes you or your business money
  12. 17. Amounts owed by the business to outside persons or other businesses e.g. bank loan, credit card, overdraft, creditors. These liabilities are claims by others on the assets of the business
  13. 20. ______is a business that produces goods and services for the market, but its primary objective is fulfilling a social need. The business can make profit however its business concept focuses on some sort of community or environmental need
  14. 21. Represents what the business earned over a certain period of time from conducting their business. It could be in the form of sales, fees, commissions, etc.
  15. 23. An aim or a goal that a business has.