Business Flashcards
1
Q
How do you work out Assests?
A
Assets= Liabilities + Owner’s Equity
2
Q
How do you work Owner’s Equity?
A
Owner’s Equity= Assets - Liabilities
3
Q
What is Business Ethics?
A
Business Ethics is a form of applied ethics that examines ethical principles and ethical problems that arise in a business environment.
4
Q
How do you find the best location for a business?
A
. Evaluate the needs of your business
. Evaluate finances
. Is the area friendly?
. Seek advice from other business owners
5
Q
What are the different forms of business ownership?
A
. Sole Trader
. Partnership
. Private Company
