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EOPA KHoliman3
Entrepreneurship Pathway
Question | Answer |
---|---|
Define liability | Any amount owed to a creditor |
Define working capital | The difference between current assets and current liabilities |
Define Bond | A loan for fixed period of time with fixed interest rate |
Define Mortgage | A long-term bank loan to purchase a home or other real estate |
Define factoring | Using an outside company to recover debts, obtaining funding by selling account receivable |
Define debt financing | Funds raised through various forms of borrowing the must be repaid |
Define retained profit | Reserves, the amount of profit which is kept back by a business for future investment |
Define activity ratios | Measure the effectiveness of the use of resources from an operational point of view |
What is quality control? | The process of a business that seeks to ensure the quality of their products/services meet the customer needs by testing their products or services |