Mie 201 - Study guides, Class notes & Summaries

MIE 201 Exam 1 Latest Version with Complete Solutions business any profit-seeking organization that provides goods and service designed to satisfy customers needs revenue money a company brings in through the sales of goods and services business model a clearly stated outline of how the business intends to generate revenue profit money left over after all the costs involved in doing business have been deducted from revenue competition gives customers a wider range of options,...

MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Latest Update Graded A+ 3 types of business ownership - sole propreitorship - partnership - corporation sole proprietorships - businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages - simplicity - single layer of taxation - taxed at individual rates - pri...

MIE 201 Test 3 Makanui Latest Version Already Graded A management a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. managers those individuals in organizations who make decisions about the use of resources and who are concerned with planning, organizing, staffing, directing, and controlling the organization's activities to reach its objectives. staffing the hiring of people to carry out the wo...

MIE 201 Test 5 Makanui with Complete Solutions accounting the recording, measurement, and interpretation of financial information certified public accountant (CPA) an individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records forensic accounting accounting that is fit for legal review, involves analyzing financial documents in search of fraud...

MIE 201 Test #1 – Makanui Exam Questions and Answers Environments of Business - Correct Answer ️️ -- economic - market - technological - social - legal and regulatory market environment - Correct Answer ️️ -- a company's target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers economic environment - Correct Answer ️️ -- conditions and forces that affect the cost and availability o...

MIE 201 Test 4 Makanui Latest Update 100% Pass marketing a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange the act of giving up one thing (money, credit, labor, goods) in return for something else (goods, services, or ideas) functions of marketing buying, selling, transporting, storing, grading, financing, marketing research, and risk taking value a customer's subjective assessment of b...

MIE 201 Exam 3 Questions and Answers

MIE 201 exam #5 Questions and Answers 100% Pass accounting - Correct Answer ️️ -is the recording, measurement, and interpretation of financial information. certified public accountant (CPA) - Correct Answer ️️ -an individual who has been certified by the state in which he or she practices to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records forensic accounting - Correct Answ...

MIE 201 Test 1 Questions with Verified Answers ___ is the money a company generates through the sale of products and services revenue A(n) _______ is a firm pursing profits that offers products and services projected to fulfill consumers' needs. business The framework that outlines how a firm plans to generate revenue is known as a(n) ____________. business model In a business, after all expenses are paid, the leftover money is called ___________. profit Company LMT competes...

MIE 201 Test 1 Makanui Latest Update Graded A+ business individuals or organizations who try to earn a profit by providing products that satisfy people's needs products a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations organizations that may provide goods or services but do not have the fundamental p...