Economics

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Across
  1. 1. The money that a business spends
  2. 4. A business that buys consumer goods or services and sells them to the ultimate consumer
  3. 6. The money received by resource owners and by producers for supplying goods and services to customers
  4. 9. budget: Also called a continuous budget, a rolling budget replaces each passing month with a new month added to the end of the budget, so that there is always a year-long budget in place
  5. 10. The difference between a budgeted amount and an actual amount
  6. 12. year: The 12-month period chosen by a business as its operating year that may or may not coincide with the calendar year
  7. 13. of Commerce: A federal agency that works in partnership with businesses, universities, communities, and workers to promote job creation and economic growth
  8. 15. A type of producer that changes the shapes or forms of materials so that they will be useful to customers
  9. 16. An estimate of income and expense for a specific period of time
  10. 18. budgeting: A method of budgeting that requires a manager to demonstrate the need for every expense instead of relying on figures from a previous period; in effect, each new budget begins at zero
  11. 19. budget: The overall budget of a company, made up of information from specialized budgets that are generated by individual departments
Down
  1. 2. budget: A budget that reflects a particular department or activity of a company; specialized budgets are interrelated, often relying on one another for estimates of future activity
  2. 3. Something that provides a basis for comparison or evaluation
  3. 5. Having an effect on or depending upon one another
  4. 7. of commerce: A local organization of businesses and companies that make known to the government the recommendations of the business community on issues and problems affecting the local economy
  5. 8. Business Administration: A federal agency whose mission is to “aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise, and to maintain and strengthen the overall economy of our nation”
  6. 11. business: A type of business that performs intangible activities that satisfy the wants of consumers or industrial users
  7. 14. association: A group of persons in the same industry or geographic area who form a society to serve their common interests
  8. 17. forecast: A prediction of future sales over a specific period of time