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EOPA DMcNeil3

Entrepreneurship

TermDefinition
Debt Financing funds raised through various forms of borrowing that must be repaid (e.g. trade credit, bank loan, issuing bonds)
Equity Financing money raised from within the firm, from operations or through the sale of ownership of the firm (e.g. reinvested earnings, sale of assets, issue of new shares)
Liquidty Ratios measure the ability to turn assets into cash to pay short-term debts
Financial Controller (Is Responsible For) planning, monitoring (compared planned spending with actual spending), producing financial data for the senior management team, analyzing major financial decisions
Treasurer ( Is Responsible For) managing cash flow and raising new funds
Chief Accounting Officer (Is Responsible For) keeping the company's books, preparing financial statements, preparing tax returns, developing strategies to minimize taxes
Financial Accounting the phase of accounting concerned with providing information to stockholders, creditors, and others outside the organization
Product Oriented an approach to business that centers on capturing business by focusing on creating and manufacturing better products at lower prices
Invisible Hand the economy grows and prospers through the efforts of improving their own situation in life
Capitalism is an economic system in which all or most of the means of production and distribution are privately owned and operated for profit
Created by: DukeMcNeil