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This Concept Map, created with IHMC CmapTools, has information related to: harrist1, BUSINESS includes Business Law, Income Statement is A financial report that - by summarizing revenues andexpenses, and showing the net profit or loss in a specified accounting period - depicts a business entity's financial performance due to operations as well as other activities rendering gains or losses (dictionary.com), cost behavior and identify Cost Drivers, BUSINESS includes Economics, Common Law is defined Judge-made law, that is. the body of all decisions made by appellate courts over the years.(Beatty), Executed Contracts take place when All parties have fulfilled their obligations (Beatty), cost behavior and identify Activities, Financial Reports such as Income Statement, BUSINESS includes Accounting, Financial Reports such as Statement of Retained Earnings, Law is seperated between Common Law, cost behavior and identify Costs, Generally Accepted Accoutning Principles to create Financial Reports, The study of the allocation and use of scarce resources to satisfy unlimited human wants. It is seperated into two studies, Micro and Macro is broken into Micro, Financial works with Generally Accepted Accoutning Principles, Ethics is defined The study of how people ought to act.(Beatty), Least-Squares Regression Analysis is Measuring a cost function objectively by using statistics to fit a cost function to all the data (Stratton), Accounting is broken into Financial, Cost Functions using Least-Squares Regression Analysis, Contracts is defined as Promise that the law will enforce(Beatty)