Term
| before taking on debt, company managers must take into account market climate and _______________________ |
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Definition
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Term
| the majority of business transactions are financed through __________________________ |
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Definition
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Term
| according to cost-benefit analysis, management should expand a company if expected profits will ________________________________________. |
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Definition
| cover the cost of financing the expansion |
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Term
| assembly line operations are posssible when interchangeable parts combine with ____________________. |
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Definition
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Term
| organizing the factors of production is the task of __________ |
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Definition
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Term
| stockpiling ________________ can be a wise decision in times or rising prices or inflation. |
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Definition
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Term
| _________________________ financing generally requires callateral. |
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Definition
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Term
| in a free market, bidding for financing affects the availability of capital because ____________________________________________________________________________________________. |
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Definition
| resources go where they attain the highest value |
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Term
| what are two methods of long term financing? |
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Definition
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Term
| what are the 4 major steps in production operations |
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Definition
a. planning.
b. purchasing
c. quality control
d. inventory control |
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Term
| raising money for a business through ttaking out a laon is called __________________ |
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Definition
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Term
| when choosing a locatin for a business, management must consdier nearness to ______________________ and labor |
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Definition
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Term
| companies may use there _________________________ as collateral for financing. |
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Definition
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Term
| estimating the cost of an action adn comparing it with the benefits of that action comrpise __________________________ |
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Definition
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Term
| what 4 factors must firms consider when deicding to borrow capital funds? |
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Definition
a. market climate
b. itnerest cost
c. control of the company
d. financial condition of the company |
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Term
| what does the production process include? |
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Definition
| consumer goods nad producer goods |
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Term
| by using________________ companies need fewer workers to produce the same or an increased amount of goods. |
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Definition
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