Question

1. goods that a business purchases in order to sell. (p. 244)
2. a business that purchases and resells goods. (p. 244)
3. a merchandising business that sells to those who use or consume the goods. (p. 244)
4. a business that buys and resells merchandise primarily to other merchandising businesses. (p. 244)
5. an organization with the legal rights of a person which many persons or other corporations may own. (p. 244)
6. the assets or other financial resources available to a business. (p. 244)
7. each unit of ownership in a corporation. (p. 244)
8. the owner of one or more shares of stock. (p. 244)
9. the total shares of ownership in a corporation. (p. 244)
10. a legal document that identifies basic characteristics of a corporation. (p. 244)
11. the legal right for a business to conduct operations as a corporation. (p. 244)
12. a business from which merchandise, supplies, or other assets are purchased. (p. 246)
13. a ledger that is summarized in a single general ledger account. (p. 246)
14. the subsidiary ledger containing vendor accounts. (p. 246)
15. an account in a general ledger that summarizes all accounts in a subsidiary ledger. (p. 246)

options: accounts payable ledger, articles of incorporation, capital, capital stock, charter, controlling account, corporation, merchandise, merchandising business, retail merchandising business, share of stock, stockholder, subsidiary ledger, vendor, wholesale merchandising business

Explanation:

1.

The term for goods a business purchases to sell is "merchandise" as it refers to the goods intended for resale.

A business that buys and resells goods is a "merchandising business" as this term defines such a business model.

A merchandising business selling to end - users (those who use/consume goods) is a "retail merchandising business" as retail businesses target consumers.

Answer:

merchandise

2.