MIE 201 Study guides, Class notes & Summaries

MIE 201 Test 5 accounting - correct answer the recording, measurement, and interpretation of financial information certified public accountant (CPA) - correct answer 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 - correct answer accounting that is fit for legal review, involves analyzing financial documents in sea...

MIE 201 Test 1 – Makanui Latest Version Graded A+ Environments of Business - economic - market - technological - social - legal and regulatory market environment - 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 - conditions and forces that affect the cost and availability of goods, services, and labor and thereby shape the behavior of buye...

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...

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 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 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 Exam 3 (Chapters 6, 7, 9, and 10) Latest Update Graded A+ Management Process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively Having the intended result Efficiently Accomplishing the objectives with a minimum of resources Managers Make decisions about the use of the organizations resources and are concerned with planning, organizing, directing, and controlling the organization's a...

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 4 NCSU Already Graded A marketing a group of activities designed to expedite transactions, by creating, distributing, pricing, and promoting goods, services, and ideas exchange act of giving up one thing in return for something else functions of marketing buying, selling, transporting, storing, grading, financing, marketing research, risk taking time utility ability to satisfy demand in a timely manner grading standardizing products by dividing them into subgroups a...

MIE 201 exam 5 Latest Update Graded A+ accounting is the recording, measurement, and interpretation of financial information. certified public accountant (CPA) 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 which is accounting that is fit for legal review. It involves analy...