Match Each Definition with the Correct Term Below

question 18

Short Answer

Match each definition with the correct term below.

-Share of stock
A.The group of people who are responsible for ensuring that a company meets its goals of profitability and liquidity.
B.A unit of ownership in a corporation.
C.The inflows and outflows of cash into and out of a business.
D.An information system that measures,processes,and communicates financial information about an economic entity.
E.A set of practices that has been developed to provide guidelines for financial accounting.
F.The value of one currency in terms of another.
G.The government body that regulates the issuing,buying,and selling of stocks in the United States.
H.The ability to earn enough income to attract and hold investment capital.
I.The oversight of a corporation's management and ethics by its board of directors.
J.The accumulated earnings generated by a business's income-producing activities less amounts that have been paid out to the stockholder's.
k.KEconomic events that affect a business's financial position.
L.An examination of a company's financial statements and the accounting systems,controls,and records that produced them.

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Definitions:

Perfectly Competitive

A market structure where there are many buyers and sellers, all selling identical products, and no single entity can influence the market price.

Market Power

The ability of a firm or group of firms to control prices and output levels in a market.

Price Elastic

Describes a situation where the quantity demanded or supplied of a good changes significantly due to changes in its price.

Monopoly

Monopoly is a market structure characterized by a single seller selling a unique product in the market, facing no competition.