A place or process where buyers and sellers meet to trade.
What is a market?
100
things that you own that have monetary value.
What are assets?
100
The purchase of an asset with the potential to yield future financial benefits.
What is investment?
100
The money that businesses receive from the sale of goods and services.
What is a current asset?
100
A financial plan of expected revenue and expenditure for an organizations.
What is a budget?
200
People or organizations that buy a product.
What is customers?
200
this source allows a business to pay its creditors in installments over 12 to 24 months.
What is a Hire purchase?
200
Predictions, Objectives, Risk profile, State of the economy, /corporate image, Human relations, Exogenous shocks.
What is PORSCHE?
200
Allows a business to temporarily take out more money then exits in it's bank account.
What is overdraft?
200
non profit organizations established to support good causes
What is a charity?
300
The best alternative that is foregone when making a decision.
What is opportunity cost?
300
A source of finance where you rent a product but have the option to buy it later.
What is leasing?
300
The average profit on an investment project.
What is the average rate of return.
300
debts owed by a business
What is Liabilities?
300
a business owned by 2 or more peple.
What is a partnership?
400
The physical and mental effort of people in the production of a good or service.
What is Labour?
400
Extremely wealthy individuals who invest in businesses that offer high growth potential.
What are business Angels?
400
investment appraisal technique which estimates the length of time needed to recoup the initial cash outflow of a business.
What is payback period?
400
the inflow of money to a business.
What is revenue?
400
occurs when the general price level in an economy continuously rises. Represented by the change in cost of products purchased by the average household.
What is inflation?
500
the person who takes risks to plan, manage the factors of production in order to provide goods and services.
What is an entrepreneur?
500
Finance that is over five years.
What is long terms finance?
500
A financial decision making tool that helps managers assess whether certain investment projects should be undertaken.