INTRODUCTION TO ACCOUNTING SEMINAR (1) TRUE/FALSE (NOTE: Show any required calculations in your answers) 1. A corporation is a business that is legally separate and distinct from its owners. 2. Primary users of accounting information are accountants. 3. Accounting is thought to be the "language of business" because business information is communicated to users. 4. The role of accounting is to provide many different users with financial information to make economic decisions.
Words: 1725 - Pages: 7
sole-proprietorship. I am the only owner of the business. One reason that I chose my business to be a sole-proprietorship is because it is the simplest form of business (Chapter 2, p.57, ¶4). Another reason is that I do not want to be liable for anyone else’s money that they have put into the company. By being the only owner, I take all financial risks. Because of this choice, one impact could be if someone sued me, the person would be suing me, not my business. By this, I mean that my “I will not have
Words: 549 - Pages: 3
Business Communication Trends Life will not come to a halt for anybody. In fact, life is changing faster than one can even imagine. The main thing changing right along with life is technology. Going paperless and going green seems to be how most businesses are functioning in today’s society. Even the time zone differences do not stand in the way of productivity in any work environment. Large and small organizations are doing what is necessary to be successful in communication because without it
Words: 433 - Pages: 2
is a business that is set out to, “provide customers with the finest selections of the very best foods and wines (University of Phoenix, 2011).” This is its mission and as part of making that mission work, Kathy Kudler has decided to offer certain items that are deemed the best and has decided to expand. In this process it seems that there is not that much attention given to what issues or problems that may exist. These issues and or problems can lead to the destruction of such a fine business mission
Words: 531 - Pages: 3
‘market orientation’”. This might have been the case till 1990, but ever since, we distinguish between the two terms. Drucker (1954) may have been one of the first theorists to suggest that creating satisfied customers was the only valid definition of business purpose. Webster (1988) summarized the marketing concept by noting that “executives must put the interests of the customer at the top of the firm’s priorities.” You may like to think of it as a kind of a philosophy, a belief, an ideal, a policy statement
Words: 1320 - Pages: 6
$170.8 billion on March 31, 2011, is one of the nation’s largest financial services holding companies. Through its flagship subsidiary, SunTrust Bank, the company provides deposit, credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and investment banking services. Atlanta-based SunTrust enjoys leading positions in some of the most attractive markets
Words: 518 - Pages: 3
This leads management and human resources to monitor organizational behavior (OB) in anticipations of reducing unnecessary or unconstructive adjustments in a business. Organizational behavior, organizational learning, diversity, communication, organizational effectiveness, competence, and organizational ethnicity are aspects in a business. These requisites should initially be identified sequentially to build a more accurately professional employment atmosphere organizational behavior is characterized
Words: 744 - Pages: 3
consumers cut out discretionary purchases. Borders was slow to diversify to on-line sales, having turned over its internet operations to Amazon in 2001, and only taking back its Borders.com website in 2008. Its failure has much to do with their poor business decisions. One of Borders poor decisions was their heavy stock repurchase. If all the cash that was used to repurchase shares in the middle of this past decade had instead been used to somehow strengthen or restructure the company on a more proactive
Words: 505 - Pages: 3
strategy the business will therefore focus on a growth driver. Sometimes businesses have a hard time identifying these growth drivers; however there is an easier way to identify the growth drivers, since there is only five in total. These can be easily remembered by using the acronym SANDS: 1. Subscribers 2. Accounts 3. New Locations 4. Distribution 5. Sale force What are subscribers? These users are the revenue driver when normally a technologically based business focuses on the
Words: 556 - Pages: 3
Accounting Standards Building international opportunities for Australian business Corporate Law Economic Reform Program Proposals for Reform: Paper No. 1 © Commonwealth of Australia 1997 ISBN 0 642 26110 5 This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Australian Government Publishing Service. Requests and inquiries concerning reproduction rights should be directed
Words: 22505 - Pages: 91
