Obtaining funds or money capital for business expansion.
What is Financing?
100
Raising money for a business through borrowing.
What is Debt-financing?
100
Process of changing resources into goods that satisfy the needs and wants of individuals and businesses.
What is Production?
200
___________, _______________, and ______________ are three things businesses spend money on to expand and improve.
What are Trucks, Equipment, Plant, or Computers?
200
Short-term financing, Intermediate-term financing, and Long-term financing.
What are three general types of debt financing?
200
Breaking down of a job into small tasks performed by different workers.
What is Division of Labor?
300
Renting new stores, training new workers, electricity, additional inventory.
What is "costs you may face if you expand your business"?
300
Loans and Leasing
What are two types of Intermediate-term financing?
300
Mechanization, the Assembly Line, the Division of Labor, Automation, and Robotics.
What are five major advances in technology?
400
If you own an embroidery business and your revenues are $5,010 and your costs are $2,880, what will your profits be?
$2,130
400
TRUE OR FALSE
Preferred stock is used by all public corporations; it is the stock most often bought and sold.
FALSE.
400
What are the two main parts in planning for a business?
Choosing location and scheduling production.
500
Name all five steps to develop a cost-benefit analysis.
1. Estimate costs of expansion.
2. Calculate expected revenues
3. Calculate expected profits.
4. Calculate how much it will cost you to borrow funds to finance your business.
5. Make sure your expected profits will outweigh your costs of expansion.
500
When choosing the right financing you must look at the ____ _____, _____ _______ __ ___ _____, _____ ____, _____ __ ___ ______.
Interest costs, Financial Condition of the Company, Market Climate, Control of the Company.
500
If you own a Bingo business, is it wise for your location to be on a University campus? Why or why not?