List and Define Three Key Concepts All Architects Must Deal

question 29

Essay

List and define three key concepts all architects must deal with.

---

Definitions:

Accounting Equation

The foundational principle of double-entry bookkeeping that states assets equal liabilities plus equity.

Business Activity

Any action that is engaged in for the primary purpose of making a profit, including operations, marketing, and production.

Planning

The process of outlining business objectives, strategies, and actions to achieve those objectives.

Treasury Bonds

Long-term government securities issued with the promise of payment upon maturity with a fixed interest rate.