Topic 0
How many owners does a Sole Proprietorship have?
1
What is the equation for consumer surplus
WTP-P
what does service do in the PVC
handle after-purchase issues
what is the accounting identity
Assets=liabilities + equity
define the time value of money
money is worth more today than it is tomorrow
What is the requirement for registering as a B-Corp
Public mission statement
Which way do products flow on IVC
left -> right
whats the effectiveness/efficiency tradeoff
improving effectiveness is often expensive and takes more time
what is the diff bt financial accounting and managerial accounting
managerial: internal uses; planning, budgeting, etc.,
financial: external uses; reporting, audit, analysis
what is the discount rate
the opportunity cost of capital
what does limited liability refer to
whether an individual is personally responsible for debts incurred by the business
List the primary activities on the PVC
1. Inbound logistics
2. operations
3. outbound logistics
4. marketing and sales
5. service
what are the 4 Ps of marketing
1. product
2. price
3. promotion
4. place
what is the bottom line on the income statement
net income/profit
what is the equation for furture value
FV=C(1+r)^n
What does Sen say that value should be measured by?
capabilities and functionings that it affords individuals
what are the support activities on the PVC
1. firm infrastructure
2. HR
3. tech development
4. procurement
What are the 5 Cs of Marketing
1.customers
2. company
3. competitors
4. collaborators
5. context
market value bc its based on speculation about future profitability
what is the relationship btw IRR and NPV on a graph
inverse
B-corp and Non-Profit
Define the labor theory of value
the value of G&S is determined by the amt of labor required to produce it
What is marketing myopia
when a firm defines itself by its product and not its consumers/the needs of its consumers
name a source of capital raising for private and public investors
private: PE, VC, PC, Banks, etc.,
public: stock market, bonds
your mom promises to give you 5k in 4 yrs when u graduate, if the discount rate is 4% what is the money worth today?
4274.56