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BM 1 Obj 1.01 sm-499

Unit 1 BM11

TermDefinition
Audit process by which an organization accounts and records are verified
Balance sheets A financial statement tat captures the financial condition of the business at that particular moment
Break even analysis the process of determining the level at which revenue equal total cost
Cash flow analysis the process of determining the amount of cash a business has to work with any giving time
concurrent controls mechanisms used to monitor and regulate a task, activity, or performance after while its occurring
controlling the management function that monitor the work effort
feedback controls mechanism used to monitor and regulate a task activity or performance after its already occurred
feedforward controls mechanism used to monitor and regulate a task activity before its already accours
financial ratio the compares of two numbers from a business financial statement used as a tool by business t see relationship between dollars numbers and percentages
guarantee a promise made to the consumer that a products purchase price will be refunded if the product is not satisfactory often called money back guarantee
motivate prompt another person to take some kind of action
Return on investment (ROI) net profit divided by investment or the bottom line on how successful an ad or campaign was in terms of what the return
Sustainability the successful long term management of an organization financials social and environmental risks opportunities and obligations
test market the process of introducing a new product to a limited market to determine its acceptance
warranty a promise made by the seller to the consumer that seller will repair or replace a product that does not perform as expected
Created by: matthew.i235
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