Identification

INSTRUCTION:

brainstorming copyright accounting corporation Service contract

Product Liability Act compliance software license profit journal book

Matrix data analysis buzz session employment agreement expense

Economic ordering quantity accounting Linear programming balance sheet

Cash-flow statement Subcontract Act Nuisance E-mail Law moral rights

Labor Standards Act mandate contract

_____________________ 1. Is a right that protects the creative expressions of authors.

_____________________ 2. Is where all transactions are ordered and entered by date, and

every journal page is tabulated on a single statement.

_____________________ 3. Represents the flow of cash over a fixed period, by how much is

left at the end.

_____________________ 4. An agreement that is established when the delegated party

consents to undertaking the work entrusted to it by the delgating party.

_____________________ 5. Refers to recording, calculating, and organizing profit and loss

events.

_____________________ 6. A method for a group of people to generate new ideas by

exchanging opinions according to certain rules, and produce a solution.

_____________________ 7. Is a method for calculating the optimal quantity to order when

stocking inventory.

_____________________ 8. A model used for a particular kind of problem-solving, finding the

most effective way to allocate resources under a certain set of constraints.

_____________________ 9. An organizational entity that engages in economic activities such

as production, sales, and provision of services typically for the purpose of making profit.

_____________________ 10. A method for organizing data properties when it is possible to

express the interrelationships among multiple data matrices as numerical data.

_____________________ 11. Expresses a correlation between two kinds of data that are

plotted an a scatter diagram, using a straight line to show the relationship.

_____________________ 12. A method for holding unstructured discussions and collecting

ideas in a small group of people.

_____________________ 13. Refers to recording, calculating, and organizing profit and loss

events.

_____________________ 14. Is the amount of money left after subtracting expenses from

sales.

_____________________ 15. Refers to the money that a corporation must pay in order to carry

out business activities.

_____________________ 16. Shows a corporations financial status at a certain point in time.

_____________________ 17. Is the basic piece of legistation that concerns labor.

_____________________ 18. Are rights that are exclusively held by the author in order to

protect their feelings, sentiments, and conscience.

_____________________ 19. Refers to the right to use software, and is granted by the

software maker to the purchaser.

_____________________ 20. Refers to achieving compliance with all rules including legislative

systems, corporate ethics, and codes of conduct.

_____________________ 21. Was enacted in order to prevent problems surrounding the mass

sending of e-mails to many and unspecified persons, such as of direct mail and

advertising.

_____________________ 22. Is a piece of legislation that sets forth the liability for damages of

manufacturers if there is injury or loss to the life, body, or property of the consumer of a product

due to a defect in the product.

_____________________ 23. Was enacted in order to protect the interests of subcontractors

by improving such circumstances and regulating fair transactions for subcontracting.

_____________________ 24. Is a promise made by a corporation or other entity to pay

compensation in exchange for an individual to supply labor to the company.

_____________________ 25. An agreement in which the ordering party requests the contractor

to undertake work, and pays compensation when the work is completed.

GRAPH

1.

2.

3.
4.

5.
Enumeration

1-3 Types of financial statement

4-7 Organizational structure of a corporation

8-10 Forms of Bookkeeping

ESSAY. (5 points each)

1. Why ist it important to have an overall understanding of a corporation in terms of

business activities, objectives and relevant laws?

2. Why is it important to clearly understand the importance of existence of the corporation

and its values?