Describe an economy (answers attached)

1. Describe an economy

2. Describe the function of Financial Planning in a business

 

3. How does a business calculate Net Income

 

4. Describe the accounting function in a business

 

5. How does Globalization expand businesses?

 

6. Describe globalization

 

7. Describe the marketing function in a business

 

8. How does Globalization expand businesses?

 

9. Describe a balance sheet

 

10. What is an Income Statement?

 

11. Briefly explain the differences between publicly owned and privately owned organization.

 

12. Accounting is a system that businesses use to analyze, organize, and report on information about the financial transactions that affect the organization. Explain 2 benefits of accounting

 

13. Describe entrepreneurs and what they risk.

 

14. Please explain why giving employees annual performance appraisals is important?

 

15. How do businesses use Information Technology?

 

16. What is a security? Define different types of securities

 

17. Explain the differences between assets, liabilities, and owner’s equity.

 

18. Explain Product Lifecycle Management (PLM). Include an explanation of the four phases of PLM.

 

19. How has Information Technology (IT) affected the world of business?

 

20. What is a marketing mix? Describe the strategies for product, price, distribution, and promotion.