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“Beta” term definition Beta is a measure of risk that relates the volatility of the price of a specific stock to the volatility of the prices of the stock market as a whole.

What is meant by the term “Book Value”? Book value is the equity that the owner of one share of common stock has in the net assets (assets less liabilities) or stockholders’ equity of the corporation.

Define the term “Board of Directors” Board of directors is a group of individuals elected by shareholders’ charged with establishing board corporate policies and appointing senior corporate management.

What do you mean by bond indentures? Bond indentures are those written agreements that bondholders often insist upon, including restrictions as to dividends, working capital, and the issuance of additional long-term debt.

What is a Bond? A bond is a written agreement between a borrower and lenders in which the borrower agrees to repay a stated sum on a future date and to make periodic interest payments at specified dates.

What is meant by the term “betterments”? The improvements to existing assets, such as the installation of a computer-controlled temperature monitoring system in a department store are called betterments.

What is the bank statement? Bank statement is a monthly statement which the bank prepares and mails to the depositor; the statement lists the beginning balance in the account, all deposits received, checks paid, other debits (charges) and credit (receipts), and the ending balance in the account.

What is a business entity? A business entity is a separate economic unit, the transactions of which are kept separate from that of its owners.

What is a Balance Sheet? The balance sheet is a financial statement that shows the financial position of a firm/business at a particular point in time.

What is the meaning of Business? Definition Any legal activity undertaken to earn a profit is called business. Example Manufacturing Business. Trading Business. Business of Providing Services.

The sum of all costs (such as variable costs and fixed costs) in a particular business function. Business functions include research and development, product design, manufacturing. marketing, distribution, and customer service is called business function cost.

Budgeted factory-overhead rate is the rate derived by dividing the budgeted total overhead by the budgeted total volume of the application base.

Break-even time (BET) can be defined as Capital budgeting method that measures the time taken from the start of a project (the initial idea date) to when the cumulative the present value of the cash inflows of a project to equal the present value of the total cash outflows.

Break-even point can be defined as the point of the volume where total revenues and total costs (expenses) are equal; that is. there is neither profit nor loss.

The original cost of an asset minus accumulated depreciation is equal to the book value.

Bias occurs in statistics when a random sample fails to represent a population because of some systematic error.

Capital budgeting method that measures the time when the cumulative cash operating savings plus the disposal price at the end of a particular year equal the original investment is called bail-out pay back time.

Standard costing system for product costing that focuses first on the output and then works backward to apply manufacturing costs to units sold and to inventories. Also called delayed costing or post-deduct costing.