more vocab important

Tort law

Not crimes personal disputes

Corporate charter

Legal document only for corporate forms of ownership

Board of directors

Elected by stockholders or shareholders

Frieight forwarding

Logistics service to arrange international shipping

Festibility study

Analysis of weather business succeeds

Cash receipts

Cash coming into business owned as asset

Horizontal analysis

Compares same line over two or one time periods

Vertical analysis

Compares items in a single period

Sales to receivables ratio

Sales divided by accounts receivable