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  • Assumption of Risks Description and Analysis of The Production, Aspects of Engineering of An Enterprise

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    Rondon Labosnog
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    This document defines key business and economic terms including enterprise, management, entrepreneurship, economics, engineering economy, accounting, fixed assets, current assets, fixed liabilities, utility, and book cost. It describes enterprise as a venture or project, management as the control over a business, and entrepreneurship as the organization, management, and assumption of risks involved in starting a business. It also provides brief descriptions of economics, engineering economy, accounting, different types of assets and liabilities, utility, and book cost.

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    This document defines key business and economic terms including enterprise, management, entrepreneurship, economics, engineering economy, accounting, fixed assets, current assets, fixed liabilities, utility, and book cost. It describes enterprise as a venture or project, management as the control over a business, and entrepreneurship as the organization, management, and assumption of risks involved in starting a business. It also provides brief descriptions of economics, engineering economy, accounting, different types of assets and liabilities, utility, and book cost.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    4 views1 page

    Assumption of Risks Description and Analysis of The Production, Aspects of Engineering of An Enterprise

    Uploaded by

    Rondon Labosnog
    This document defines key business and economic terms including enterprise, management, entrepreneurship, economics, engineering economy, accounting, fixed assets, current assets, fixed liabilities, utility, and book cost. It describes enterprise as a venture or project, management as the control over a business, and entrepreneurship as the organization, management, and assumption of risks involved in starting a business. It also provides brief descriptions of economics, engineering economy, accounting, different types of assets and liabilities, utility, and book cost.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Enterprise- venture or project

    Management-the exercise of control over a business


    Entrepreneurship -organization, management, and
    assumption of risks
    Economics– a social science concerned chiefly with
    description and analysis of the production,
    Engineering Economy-is concerned with the economic
    aspects of engineering
    Accounting is the process of recording all transactions
    of an enterprise
    Fixed Assets- cannot be converted into cash
    Current Assets- cash
    Fixed Liabilities- after a period exceeding one year
    utility – the power of a good or service to satisfy wants
    Book Cost -do not involve cash payments

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