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BM 2 obj 1.01 SM-400

unit1 BM2

TermDefinition
Audit process by which an organizations accounts and records are verified
balance sheets a financial statement that captures the financial condition of the business at that particular moment
break-even analysis the process of determining the level at which revenues equal total costs
cash flow analysis the process of determining the level at which amount of cash a business has to work with at any given time
concurrent controls mechanisms used to monitor and regulate a task activity or performance while it is occurring
controlling The management function that monitors the work effort
feedback controls mechanisms used to monitor and regulate a task activity or performance after it occurs
feedforward mechanisms used to monitor and regulate a task activity or performance before it occurs
financial ratio The comparison of two numbers from a business's financial statement used as a tool by businesses to see relationships between dollars numbers and percentages
financial statements records that show a business's financial activities
guarantee a promise made to the consumer that a products purchase price will be refunded if the product is not satisfactory
`motivate prompt another person to take some kind of action
return on investment net profit divided by investment or the bottom line on how successful an ad or campaign was in terms of what the returns were for the money
sustainability the successful long term management of an organizations financial social and environmental risks
test marketing the process of introducing a new product to a limited market to determine what its acceptance will be
warranty a promise made by the seller to the consumer that the seller will repair or replace a product that does not perform
Created by: tamaurie17
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