Category: B

The concept that assumes that accounting applies to individual economic units and that each unit is separate and distinct from the persons who supply its assets.

A code of behavior that delineates expectations for social behavior according to contemporary conventional norms within a society, social class, or group.

The number of establishments that added employees during a specified time.

These are the various legitimate expenses that are incurred during conducting a business enterprise.

Charges for business phone calls, faxes, and telegrams; emergency clothing, equipment, or supply purchases that are job related.

A company ceasing its operations following its inability to make a profit or to bring in enough revenue to cover its expenses. The final step is always that the business runs out of cash.

The franchisee is licensed to use the franchisorÕs products and trademark. The franchisee is also trained by the franchisor in the business model and format including selling, marketing, personnel procedures, inventory, and more.

Captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also sometimes come in the form of a short verbal argument or presentation.

Process of developing advance arrangements and procedures that enable an organization to respond to an event in such a manner that critical business functions continue with planned levels of interruption or essential change.

Identifies {an} organization’s exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, whilst maintaining competitive advantage and value system integrity.