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UGBA 10, Lecture 0-1 notes

by: Paris Shockley

UGBA 10, Lecture 0-1 notes UGBA 10

Marketplace > University of California Berkeley > UGBA 10 > UGBA 10 Lecture 0 1 notes
Paris Shockley
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About this Document

These are the beginning outlines of material on our Module 1 exam coming up.
Principles of Business
Cristina Banks
Class Notes
Principles, Of, business, Math, finance, Accounting




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This 1 page Class Notes was uploaded by Paris Shockley on Friday July 29, 2016. The Class Notes belongs to UGBA 10 at University of California Berkeley taught by Cristina Banks in Fall 2016. Since its upload, it has received 3 views.


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Date Created: 07/29/16
UGBA 10 FALL 2016 MODULE 1: ACCOUNTING & FINANCE  LECTURE 0: Intro o What is Business?    A business is an organization that provides goods or services to customers in order to make profits.   – Profit is the difference between revenues earned (sales to  customers) and expenses incurred (the costs of doing business)   – Profit is the same as income o Business in the USA    “Business makes things happen and affects every part of our society.”  (UPenn website)    Business – Produces most of the goods we consume – Employs most  working people – Creates most innovations – By requiring suppliers,  creates new business opportunities  LECTURE 1(chpt 1) : o Financial Literacy  Try to maximize your opportunities based off financial decisions  Participate in conversations   Ability to read/write/talk about finance o Economics  Topics discussed majority of the time  Unemployment rates  GDP  Inflation rates  Equity market averages  Bond rates  Equity Market Averages  Dow30­ most discussed  S&P500­ most broad based  Equity prices are a function of o Future cash flow and earnings o Market risks  Debt markets


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