:2.chaptersmentThink14. Tobusowwill not be used.1. The amount of money remaining fromrevenues after all expenses are paidReview Marketing Conceptsa. balance sheetb. budget2. The study of how goods and services areproduced, distributed, and consumedc. economicsd. economic utili.3. The possibility of financial gain or lossor personal injurye. ethicsf. forecastg. income statemen15. Li4. A report developed to predict theexpenses to be incurred and revenuesh. liable5. The business is legally responsible fordamagesi. principlesj. profitk. profit motiveto be receivedI. return oninvestment16.6. Involves preventing, reducing, orlessening the negative impacts of risk.7. The income that is distributed to investorsm. riskn. risk management8. A system of deciding what is right orwrong in a reasoned and impartial manner9. The amount of satisfaction a person receives from the consumof aicular product or service_10. A financial statement that shows a company's assets, liabilltuenet worth at a specific point in time17Circle the best answer.11. Pure risksa. involve the possibility for gainb. involve no possibility for gainC. are never insurabled. are speculative in nature12. Categories of economic util"a pla

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Review Marketin Write the letter of the term that best will not be used. 1. The amount of money remaining from revenues after all expenses are paid а. b. 2. The study of how goods and services are d. produced, distributed, and consumed C. 3. The possibility of financial gain or loss f. e. or personal injury Lined to predict the g h

Review Marketin Write the letter of the term that best will not be used. 1. The amount of money remaining from revenues after all expenses are paid а. b. 2. The study of how goods and services are d. produced, distributed, and consumed C. 3. The possibility of financial gain or loss f. e. or personal injury Lined to predict the g h

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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