IB Business Management Key Terms and Definitions

Edit Answers
1234567891011121314151617181920212223
Across
  1. 3. Long-term resources owned by a business, such as buildings, machinery, and vehicles.
  2. 7. Debts that must be paid within one year.
  3. 8. The total income earned from selling goods or services.
  4. 12. Money raised by a company from selling shares.
  5. 14. Amounts owed by a business to suppliers for goods or services bought on credit.
  6. 16. Suppliers or lenders to whom the business owes money.
  7. 17. Customers who owe money to the business.
  8. 18. The owner’s share of the business after liabilities are deducted from assets.
  9. 19. When total costs are greater than total revenue.
  10. 20. The profit made after deducting cost of goods sold from sales revenue.
  11. 21. The total long-term funds invested in a business.
  12. 22. A short-term borrowing facility that allows a business to withdraw more money than it has in its bank account.
  13. 23. Goods and materials held by a business for future use or sale.
Down
  1. 1. Short-term assets expected to be used or turned into cash within one year.
  2. 2. Items of value owned by a business.
  3. 4. Long-term loans issued by a company to raise finance, usually repaid with interest at a fixed date.
  4. 5. The surplus left when total revenue is greater than total costs.
  5. 6. Long-term assets used by a business for more than one year.
  6. 9. The profit left after all expenses are deducted from gross profit.
  7. 10. The direct cost of producing or purchasing the goods sold by a business.
  8. 11. Amounts owed to a business by customers who bought on credit.
  9. 13. revenue Income earned from the sale of goods or services.
  10. 15. Debts or financial obligations owed by a business.