Finance
Fiance is the actual process of what?
Acquiring funds
What is short-term financing?
Debt that must be paid back within a year
Where are internal sources found?
Inside the businesses
What type of money is credit
Loaned money
What is 300-579
Poor credit
Businesses need financing to do what three things?
Start a business, to gain assets, and develope, products
What is long-term financing?
Debt that must be paid back over several years
Where are the external sources found?
Outside the businesses
Credit is used for what?
What is 580-669?
Fair credit
What is start up capital?
Finance required to start a business is start-up capital
What is an example of short term sources?
What is an example of internal sources?
What is an example of consumer credit?
Credit cards, travel cards, store or gasoline cards, or debit cards
What is 670-739?
Good credit
Main Goals and Benefits of Financing Functions are what three things?
Businesses support, archive lowest costs, and gain effective control of the environment.
What is an example of long-term sources?
Assets and projects
What is an example of external sources?
Bank overdrafts
What are the three types of credit accounts?
Revolving credit, open end credit, and installment credit
What is 800-850?
Exceptional credit