Unit 5 Final Exam

Edit Answers
12345678910111213141516
Across
  1. 5. The process of rating an organization's practices, processes, and products against the best of the world is known as __________________.
  2. 7. Carolina Financial Services is considering the purchase and installation of an expensive computer network. This is the type of expenditure that would be included in a(n) ______ budget.
  3. 9. The Fed requires banks to hold funds against the deposits its customers have in their checking and savings accounts. The amount of funds the bank must hold is specified as a percentage of deposits known as the ______ requirement.
  4. 10. _______ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.
  5. 11. The Federal Reserve System consists of ______ Federal Reserve banks.
  6. 12. A firm's _____ statement reports the profit or loss for the firm over a specified time period.
  7. 13. A firm is using ______ segmentation when it divides a market into groups based on age, income, or level of education.
  8. 15. In a partnership, a(n) _____ partner is an owner who is active in managing the company and has unlimited liability for claims against the firm.
  9. 16. ______ refers to standards of moral behavior.
Down
  1. 1. The preparation of financial statements for people outside the firm (creditors, unions, suppliers, and others) is the goal of _________ accounting.
  2. 2. Collectively, the customers, employees, stockholders, suppliers, creditors, and the local communities in which a business operates are known as the firm's:
  3. 3. _________ is the function in business that is responsible for acquiring funds for the firm, and managing funds within the firm.
  4. 4. ______ refers to how fast an asset could be converted into cash.
  5. 6. A ______ is an organization that is owned and controlled by the people who use it - producers, consumers and workers with similar needs who pool their resources for mutual gain.
  6. 8. ______ includes anything that people generally accept as payment for goods and services.
  7. 14. Which of the following is included in the M-1 definition of the money supply?