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BM II Managerial con

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 the 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 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 has already occurred
feedforward controls mechanisms used to monitor and regulate a task, activity's, or performance before it occurs
financial ratio the comparison of two numbers from a business's financial statement ;used as a tool by business to see relationships between dollar ,numbers and percentages
financial statement records that show a business financial activates
guarantee a promise made to the consumer that a products purchase price will be refunded if the product is not satisfactory; often called a money-back
motivate prompt another person to take some kind of action
ROI 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 expanded
sustainability the success long term management of an organizations financial ,social and environment risks, opportunities and obligations
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 as expected
Created by: Ethan.r
 

 



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