JA History | Miscelleneous | Business terms relating products | Business term relating legal documents | Business term relating costs |
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1979
Which year was Junior Achievement formally organized in The Bahamas
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Bahamian inspired resin coasters, resin dominoes, and resin keychains
What are our three products
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The current or prevailing price of a product as indicated by current market quotations
What is market value
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A transfer of property use for a period of time in return for a rental payment. A binding contract.
Landlord and Tennant
What is a lease? Give the names of the two parties involved
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Money paid to an employee for work done, usually given bi-monthly at an annual rate no matter the number of hours worked
What is a salary
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Autherine Turnquest- Hanna & Selvin Basden
who wrote the achiever's pledge
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Five departments
EXTRA 100 points for the group who can name them
How many departments do we have
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Assets
What is anything owned that has value
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A summary of a firm's revenue, costs, and taxes over a period of time
What is an income statement
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Expense/s
What is something that causes spending in order to run a business
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Business, Youth, Education
What are the 3 steps in the JA logo
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Par value
What is the term for face or nominal value, the value imprinted on the stock certificate
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The quantities of a product or service that people are willing and able to buy at various possible prices at a particular time and place
What is demand
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A government document creating a business and defining its rights and limitations.
EXTRA 100 pts for the group who knows the date our company became official :)
What is a charter
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The profit left after expenses
What is a business' net profit
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Entrepreneurship
Financial Literacy Work readiness
What is the Junior achievement pillars for success
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A standard business practice that requires that each transaction be entered twice. once in the debit column and once in the credit column.
What is double-entry bookkeeping
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Cost of Goods sold
An accounting term for the combined costs of direct expenses. Not including the cost of selling or general management
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A document that details a company's mission and goals, management, marketing, and finances.
What is a business plan
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The business' expenses remain the same no matter the output of products or services provided.
ex. rent, salary, wages, interest, electricity
What are fixed costs and provide an example
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Franklyn Wilson
Raymond Winder Felix Stubbs Philip Simon
Name 3 Chairmen of the board
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A stockholder is the owner of stock in a corporation. Shares is a portion of interest in a business. Share of stock is what's owned by the stockholder
EXTRA 100 pts to the group who knows the document a stockholder receives.
What are stockholders and shares
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The business activities that take place between production and purchase of the product
What is marketing
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A license to operate an individually owned business as if it was part of a large chain
What is a franchise and give an example
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A decrease in value of property due to wear or obsolescence. A decrease in the number of goods or services that a given sum of money can buy
What is depreciation
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