- Study guides, Class notes & Summaries

BSNS 115 What is accounting - ️️ - Language of business. Recording and evaluating business activities Shareholder - ️️ - External user. Owns shares in a business Stakeholder - ️️ - Internal or external user. Anyone who takes an interest in the business or lives in the same city as Stewardship Usefulness - ️️ - A traditional form of accounting. Creating reports of transactions for a given period Decision Usefulness - ️️ - More recent form of accounting. Helping users m...

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6 pages

Written in 2023/2024

Grade A+

MERCYTRISHIA

BSNS 115 Exam Questions And Correct Answers, 100% What are the fundamental principles in the accounting code of ethics? Integrity, objectivity and independence, competence, quality performance, professional behaviour What is the formula for total cost? fixed cost + variable cost What is the name for costs that are partly fixed and partly variable? semi-variable or mixed costs What are some typical variable costs? Raw materials, Direct Labour (wages), factory water, light, electricity, ...

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4 pages

Written in 2023/2024

Grade A+

Topscorer1

BSNS 115 Exam | Study Guide, Practice Questions & Business Exam Review

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7 pages

Written in 2025/2026

Grade A+

7Eleven

unlimited liability - ANSWER the responsibility of business owners for all of the debts of the business limited liability - ANSWER when a business is unable to pay debts, responsibility is on the businesses investments assets - ANSWER anything the firm owns that generates profit

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12 pages

Written in 2024/2025

Grade A+

shantelleG

BSNS 115 Questions and Answers Already Passed What are the four factors of production? The four factors of production are land, labor, capital, and entrepreneurship, which are essential for producing goods and services. How does supply and demand influence market prices? Supply and demand influence market prices by determining how much of a product is available and how much consumers are willing to buy, affecting overall pricing. What is the role of entrepreneurship in business? ...

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14 pages

Written in 2024/2025

Grade A+

ExcellentScores

BSNS 115 Exam Questions And Correct Answers, 100% What are the fundamental principles in the accounting code of ethics? Integrity, objectivity and independence, competence, quality performance, professional behaviour What is the formula for total cost? fixed cost + variable cost What is the name for costs that are partly fixed and partly variable? semi-variable or mixed costs What are some typical variable costs? Raw materials, Direct Labour (wages), factory water, light, electricity, ...

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4 pages

Written in 2023/2024

Grade A+

MedTestPro

BSNS 115 Exam Questions And Correct Answers, 100% What are the fundamental principles in the accounting code of ethics? Integrity, objectivity and independence, competence, quality performance, professional behaviour What is the formula for total cost? fixed cost + variable cost What is the name for costs that are partly fixed and partly variable? semi-variable or mixed costs What are some typical variable costs? Raw materials, Direct Labour (wages), factory water, light, electricity, ...

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4 pages

Written in 2023/2024

Grade A+

TheInstructor

BSNS 115 Exam Questions And Correct Answers, 100% What are the fundamental principles in the accounting code of ethics? Integrity, objectivity and independence, competence, quality performance, professional behaviour What is the formula for total cost? fixed cost + variable cost What is the name for costs that are partly fixed and partly variable? semi-variable or mixed costs What are some typical variable costs? Raw materials, Direct Labour (wages), factory water, light, electricity, ...

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4 pages

Written in 2023/2024

Grade A+

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