Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Econ. Ch. 10 Vocab.
| Term | Definition |
|---|---|
| financing | obtaining funds or money capital for business expansion |
| cost-benefit analysis | a financial process in which a business estimates the cost of any action and compares it with the estimated benefits of that action |
| revenues | total income from sales of output |
| profits | the amount earned after a business subtracts its costs from its revenues |
| debt financing | raising funds for a business through borrowing |
| short-term financing | funds borrowed by a business for any period of time less than a year |
| intermediate-term financing | funds borrowed by a business for 1 to 10 years |
| long-term financing | funds borrowed by a business for a period of more than 10 years or funds raised by issuing stock |
| production | process of changing resources into goods that satisfy the needs and wants of individuals and businesses |
| consumer goods | goods produced for individuals and sold directly to the public to be used as they are |
| mechanization | combined labor of people and machines |
| assembly line | production system in which the good being produced moves on a conveyor belt past workers who perform individual tasks in assembling it |
| division of labor | the breaking down of a job into small tasks performed by different workers |
| automation | production process in which machines do the work and people oversee them |
| robotics | sophisticated, computer-controlled machinery that operates an assembly line |
Created by:
hcmeek
Popular Business sets