Economics, Accounting, and Business Studies Flashcards
1
Q
What is Economics?
A
A study of how society uses it’s limited resources.
2
Q
What is Accounting?
A
A systematic process of recording financial information.
3
Q
What is Business Studies?
A
A study of business as an organisation.
4
Q
Give 3 examples of Economics:
A
Money, food, transport, and shelter.
5
Q
Give 3 examples of Accounting:
A
Calculating, storing, recording.
6
Q
Give 3 examples of Business Studies:
A
Managers, leaders, ministers, and governors.
7
Q
What does EMS stand for?
A
Economics Management Science.
