free enterprise

17 cards

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Created Dec 7, 2006
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1
before taking on debt, company managers must take into account market climate and _______________________
 
interest rates
2
the majority of business transactions are financed through __________________________
 
trade credit arrangement
3
according to cost-benefit analysis, management should expand a company if expected profits...
 
cover the cost of financing the expansion
4
assembly line operations are posssible when interchangeable parts combine with ____________________.
 
mechanization
5
organizing the factors of production is the task of __________
 
management
6
stockpiling ________________ can be a wise decision in times or rising prices or inflation.
 
inventory
7
_________________________ financing generally requires callateral.
 
secured
8
in a free market, bidding for financing affects the availability of capital because ____________________________________________________________________________________________.
 
resources go where they attain the highest value
9
what are two methods of long term financing?
 
bonds and stocks
10
what are the 4 major steps in production operations
 
a. planning. b. purchasing c. quality control d. inventory control
11
raising money for a business through ttaking out a laon is called __________________
 
debt financing
12
when choosing a locatin for a business, management must consdier nearness to ______________________...
 
raw materials
13
companies may use there _________________________ as collateral for financing.
 
accounts recievable
14
estimating the cost of an action adn comparing it with the benefits of that action comrpise...
 
cost benefit analysis
15
what 4 factors must firms consider when deicding to borrow capital funds?
 
a. market climate b. itnerest cost c. control of the company d. financial condition of the...
16
what does the production process include?
 
consumer goods nad producer goods
17
by using________________ companies need fewer workers to produce the same or an increased amount...
 
automation
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