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Details Title: free enterprise Description: ajdklfld Total Flash Cards: 17 Created: 11/07/2006 15:26:18	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term before taking on debt, company managers must take into account market climate and _______________________ Definition interest rates Term the majority of business transactions are financed through __________________________ Definition trade credit arrangement Term according to cost-benefit analysis, management should expand a company if expected profits will ________________________________________. Definition cover the cost of financing the expansion Term assembly line operations are posssible when interchangeable parts combine with ____________________. Definition mechanization Term organizing the factors of production is the task of __________ Definition management Term stockpiling ________________ can be a wise decision in times or rising prices or inflation. Definition inventory Term _________________________ financing generally requires callateral. Definition secured Term in a free market, bidding for financing affects the availability of capital because ____________________________________________________________________________________________. Definition resources go where they attain the highest value Term what are two methods of long term financing? Definition bonds and stocks Term what are the 4 major steps in production operations Definition a. planning. b. purchasing c. quality control d. inventory control Term raising money for a business through ttaking out a laon is called __________________ Definition debt financing Term when choosing a locatin for a business, management must consdier nearness to ______________________ and labor Definition raw materials Term companies may use there _________________________ as collateral for financing. Definition accounts recievable Term estimating the cost of an action adn comparing it with the benefits of that action comrpise __________________________ Definition cost benefit analysis Term what 4 factors must firms consider when deicding to borrow capital funds? Definition a. market climate b. itnerest cost c. control of the company d. financial condition of the company Term what does the production process include? Definition consumer goods nad producer goods Term by using________________ companies need fewer workers to produce the same or an increased amount of goods. Definition automation