What does LLC stand for?
AnswerLimited liability company
An LLC limits owners' personal liability for company debts.
Business · Facts & stats
Business facts & stats
7 fact-checked facts about business basics: profit, accounting, strategy and business history, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What does ROI stand for?
AnswerReturn on investment
ROI compares gain to the cost of an investment.
Going deeper
What does the S in a SWOT analysis stand for?
AnswerStrengths
SWOT stands for strengths, weaknesses, opportunities and threats.
What does IPO stand for?
AnswerInitial public offering
An IPO is when a company first sells shares to the public.
Which economist wrote 'The Wealth of Nations' in 1776?
AnswerAdam Smith
Adam Smith's book is a founding text of economics.
Expert level
In what year did Henry Ford introduce the moving assembly line for the Model T?
Answer1913
The Model T launched in 1908; the moving line came in 1913.
In accounting, what does COGS stand for?
AnswerCost of goods sold
COGS is the direct cost of producing what a company sells.
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