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BMF Winter LIA vocab practice

AB
E-Commerceis the buying and selling of goods and services on the Internet especially the World Wide Web.
Entrepreneurshipsomeone who organizes a business venture and assumes the risk for it.
Publicly held corporationa corporation whose stock is widely held has a large market and is usually traded on a stock exchange such as the new York Stock Exchange.
Marketable securitiesShort-term investments that usually include government securities such as Treasury bills and the securities of large corporations.
Contingent liabilityThe liability an endorser has for the payment of a note.
Accrued RevenueRevenue earned but not yet received and recorded.
Retail methoda method of estimating the cost of the ending inventory in which the retail value of the ending merchandise Inventory is multiplied by a figure representing the relationship between the cost of merchandise available for sale and its retail value.
Maturity DateThe due date of a promissory note.
Petty Cash fundan amount of cash on hand used to make small cash payments.
International Tradeis exchange of capital


Business Educator
Tri-County High School
Wolcott, IN

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