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  1. Asked: May 3, 2024In: Business

    Who starts a business?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:52 pm

    entrepreneur A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

    entrepreneur
    A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

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  2. Asked: May 3, 2024In: Business

    What is a business day?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:51 pm

    A business day refers to any day in which normal business operations are conducted. In Western countries, a business day lasts eight hours and is considered to be Monday through Friday from 9 a.m. to 5 p.m. local time. Business days do not include weekends and public holidays.

    A business day refers to any day in which normal business operations are conducted. In Western countries, a business day lasts eight hours and is considered to be Monday through Friday from 9 a.m. to 5 p.m. local time. Business days do not include weekends and public holidays.

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  3. Asked: May 3, 2024In: Business

    What is the Golden Rule of God?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:50 pm

    Golden Rule, precept in the Gospel of Matthew (7:12): “In everything, do to others what you would have them do to you. . . .” This rule of conduct is a summary of the Christian's duty to his neighbour and states a fundamental ethical principle.2

    Golden Rule, precept in the Gospel of Matthew (7:12): “In everything, do to others what you would have them do to you. . . .” This rule of conduct is a summary of the Christian’s duty to his neighbour and states a fundamental ethical principle.2

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  4. Asked: May 3, 2024In: Business

    What is the silver rule?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:50 pm

    silver rule (plural silver rules) (ethics) The principle that one should not treat other people in the manner in which one would not want to be treated by them.

    silver rule (plural silver rules) (ethics) The principle that one should not treat other people in the manner in which one would not want to be treated by them.

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  5. Asked: May 3, 2024In: Business

    What is the platinum rule?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:49 pm

    As opposed to "do unto others as you would have them do unto you," as the golden rule states, the platinum rule asks you to "do unto others, wherever possible, as they would want to be done to them." This rule helps to deal with one of the biggest problems posed by the golden rule.

    As opposed to “do unto others as you would have them do unto you,” as the golden rule states, the platinum rule asks you to “do unto others, wherever possible, as they would want to be done to them.” This rule helps to deal with one of the biggest problems posed by the golden rule.

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  6. Asked: May 3, 2024In: Business

    What is the 3 type of account?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:49 pm

    3 Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative and Artificial.

    3 Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative and Artificial.

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  7. Asked: May 3, 2024In: Business

    What is credit and debit?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:48 pm

    A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. Each transaction transfers value from credited accounts to debited accounts.

    A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. Each transaction transfers value from credited accounts to debited accounts.

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  8. Asked: May 3, 2024In: Business

    What is the accounting cycle?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:48 pm

    The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. It is a standard 8-step process that begins when a transaction occurs and ends with its inclusion in the financial statements and the closing of the books.

    The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. It is a standard 8-step process that begins when a transaction occurs and ends with its inclusion in the financial statements and the closing of the books.

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  9. Asked: May 3, 2024In: Business

    What are the 4 basic types of business?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:46 pm

    The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.

    The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.

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  10. Asked: May 3, 2024In: Business

    What is the basic rule of business?

    kavyashree
    kavyashree Knowledge Contributor
    Added an answer on May 3, 2024 at 8:45 pm

    Business rules guide the everyday decision-making within businesses by outlining the relationships between objects, such as customer names and their corresponding orders.

    Business rules guide the everyday decision-making within businesses by outlining the relationships between objects, such as customer names and their corresponding orders.

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