MGST 217 Study Guide - Midterm Guide: Unemployment Benefits, Accounts Payable, Investment

• School: University of Calgary
• Department: Management Studies
• Course: MGST 217
• Professor: Cameron Welsh

Document Summary

Mgst 217 chapters 6 and 16 key terms. Entrepreneurial thinking thinking like an entrepreneur even those who work in a company. Entrepreneurs people with vision, drive and creativity who are willing to take the risk of starting and managing a new business to make a profit or change the scope and direction of an existing company. Intrapreneurs entrepreneurs who apply their creativity, vision, and risk taking within large corporations rather than starting companies of their own. Debt a form of business financing consisting of borrowed funds that must be repaid with interest over a stated time period. International financial reporting standards (ifrs) a set of globally accepted accounting standards adopted in canada on jan 1, 2011, for public companies and those private companies that chose to adopt them. Accounting standards for private enterprises (aspe) the accounting framework designed to replace canadian gaap for private companies annual report. *result in normal numbers acid-test (quick) ratio used to measure liquidity.