Praxis 5101 - Study guides, Class notes & Summaries

fixed asset asset that is used to generate profit. It will not be turned into cash within the year. Ex: land, buildings, cars, equipment variable asset asset that is transformed to cash within a year. Includes inventory of the actual product. Can also include accounts receivable. intangible asset asset that is a brand name, logo, trademark, and patents. liquidity refers to how easily an asset can be bought or sold on the market at the same price. equity shows what the owner has contr...

Which of the following actions by the Federal Reserve System would be most likely to increase consumer spending? Decreasing the discount rate to member banks The total retail market value of all the goods and services produced in a nation, usually stated in annual terms, is the Gross domestic product An important source of information on the credit rating of retail businesses is Dun & Bradstreet, Inc. Which of the following is the government regular for all securities firms operating in...

Identifying & Analyzing Business Transactions Step one in accounting cycle. Recording in the Journals Step two of accounting cycle. Posting to the ledger Step three of accounting cycle. Unadjusted Trail Balance Step four of accounting cycle. Adjusting Enrties Step five of accounting cycle. Adjusted Trial Balance Step six of accounting cycle. Financial Statements Step seven of accounting cycle. Closing Entries Step eight of accounting cycle. Post-closing Trial Balance Step...

Business School - correct answer University-level institution that confers degrees in business administration or management Initiative - correct answer An individual's ability to take steps without direct guidance Occupational Safety and Health Act (OSHA) - correct answer Created to protect worker and health. Its main aim was to ensure that employers provide their workers with an environment free from dangers to their safety and health, such as exposure to toxic chemicals, excessive noise...

Business Praxis 2 5101: Law and International Business (2023/2024) Graded A International Trade occurs when a firm exports goods or services to consumers in another country International Trade Benefits A company has a new market to sell. It can increase its sales and tremendously profit by reaching customers. Company may have surplus supply. Customer can enjoy product that are not available domestically.Products can be sold for less money, at a cheaper price to become more competitive. Less dep...

Praxis II 0101 5101 Business Education 2023 Federal Trade Commission Act - ANS-1914 - , established the FTC that would investigate and prevent unfair business practices - encourage competition Sherman Antitrust Act - ANS-1890, A law that made it illegal to create monopolies or trusts that restrained free trade Clayton Antitrust Act - ANS-This act was enacted in 1914, and it reinforces and broadens the provisions of the Sherman Act. Among its prohibitions are certain exclusive contrac...

Business 5101 Praxis: Marketing and Management (2023/2024) Rated A Four Ps of Marketing Place, Price, Promotion, Product Product A physical good or an intangible service. An article or substance that is manufactured or refined for sale. Price The amount of money exchanged for a good or service. A very important decision for a product because it can impact sales and opinions on the product. Placement Where you sell your product; the stores you choose and the location in the store that you choo...