Budgeting
Operations Management
Asset Management
Resource Allocation
100
In ____ Costs, it remains constant for the budget period regardless of the retailer’s performance.
What is Fixed Costs
100
What a retailer concentrates on after devising an organization structure and a human resource plan
What is Operations Management
100
Are any items a retailer owns with monetary value
What is Assets
100
The efficiency with which a retail strategy is carried out
What is Productivity
200
The term in which they are long term investments in land, fixtures, and equipment
What is Capital expenditures
200
The profit earned after all costs and taxes have been deducted
What is net profit after taxes
200
Are financial obligations a retailer incurs in operating a business
What is Liabilities
200
The term in which the possible benefits a retailer forgoes if it invests in an opportunity over another opportunity
What is Opportunity cost
300
The term for Firms that use current and past budgets as guides are using ___ budgeting.
What is incremental budgeting
300
The portion of revenues turned over to the federal, state, and/or local government
What is Taxes
300
Itemizes a retailer’s assets, liabilities, and net worth at a specific time.
What is a Balance Sheet
300
PRIZE QUESTION!!!! Heating, Ventilation, AC, Lighting, Flooring etc... are all part of what?
What is capital expenditures
400
The group of people where In top-down budgeting, make centralized financial decisions.
What is Senior Executives
400
The difference between net sales and the cost of goods sold
What is Gross Profit
400
=Net profit margin x Asset turnover
What is Return on Assets Formula
400
Short term selling and administrative costs
What is Operating Expenditures
500
The intention to make sure that revenues are received before expenditures are made is called ___ ___ ___
What is Functional account expenses
500
A summary of retailer’s revenues and expenses over a period of time
What is Profit and loss statement
500
= net profit margin x Asset turnover x Financial leverage
What is RONW
500
Retailers can enhance productivity by upgrading this. ( New Employees mainly)
What is Training Programs
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