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EOPA TThomas2

Entrepreneurship Pathway

TermDefinition
Autocratic Leader Leader who does not listen to other people but make all decisions themselves. The make decisions alone because they do not trust others.
Define “anchoring” in the context of making decisions The anchoring effect refers to the adjustment a decision maker carries out based on information presented to him
PMI Pluses, Minuses, Implications; listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third column
EBITDA Earnings before Interest, Taxes, Depreciation and Amortization
Intangible Assets ong-term assets (e.g., patents, trademarks, copyrights) that have no real physical form but do have value
Profitability Ratios measure the company's ability to generate profits
Liquidity Ratios measure the ability to turn assets into cash to pay short-term depts.
Cash Flow Statement a financial statement that shows the flow of money in and out of the business; it shows the real cash that is available to keep the business running
Causes Of Cash Flow Problems late payments and non-payments, unforeseen costs, unexpected changes in demand, over-borrowing from the bank to finance expansion plans
Factoring using an outside company to recover debts, obtaining funding by selling account receivable
Created by: MoneyMia