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Final

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Question
Answer
t/f: US population will increase by 2025   true  
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t/f: US death rate will increase by 2025   true  
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t/f: more US religious funerals in the future   false  
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business that makes finished goods from raw materials   manufacturer  
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business that purchases finished goods from a manufacturer for resale   merchandiser  
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all of the efforts designed to preserve assets and earning power of your business   risk management  
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most common risk management (shift risk)   insurance  
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the protection for a business with regard to the monetary compensation which would be provided in the event of a loss   insurance  
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insurance for building, equipment, machinery   property insurance  
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insurance purchased for a very important person in your company, death benefits   key employee insurance  
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preneed policy with a cash surrender value (revocable)   whole life policy  
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a preneed policy without a cash surrender value, only lasts for a certain period of time   term life policy  
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current assets-current liabilities=   working capital  
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how much quantity of a certain item do I have to order to minimize total cost, without wasting any extra of that inventory?   economic order quantity  
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how much you're going to charge for your products and services   pricing  
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suppliers extend credit to your business   trade credit  
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a business type which has a perpetual existence   corporation  
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money borrowed to start up a business (two terms)   debt capital/debt equity  
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when total sales meets your total operating expense you have reached the   breakeven point  
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selling off your accounts receivable to a third party   factoring  
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a leader that makes decisions solely by themselves   autocratic  
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leaders that do very little supervising, leave the decision-making to employees   free-reign  
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leaders that involve subordinates in decisions but make final decisions on their own   democratic  
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when a private investor lends money to a small business, the investor is called a   venture capitalist  
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largest and fastest computer   mainframe  
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personal computers also called   microcomputers  
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heart of computer   cpu  
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programs which give computer instructions   software  
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circuit board   mother board  
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working memory   RAM  
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preparing a disk   formatting  
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Created by: amyziolkowski
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