+
Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
The term used to describe
the study of means by which a manager can determine which long-term investments
to pursue, how to pay for those investments, and how to manage the daily
finances of a firm is
|
Business Finance
|
|
The top financial officer
in a firm is commonly referred to as the
|
Chief Financial Officer
|
|
The person who is in charge
of cash management and capital expenditures is called the
|
Treasurer
|
|
The process of managing a
firm’s long-term investments is called
|
Capital Budgeting
|
|
The amount of debt and
equity used by a firm to finance its operations is called the firm’s
|
Capital Structure
|
|
Short-term assets and
short-term liabilities are referred to as the firm’s
|
Working Capital
|
|
The management of a firm’s
cash, inventory, and payables is referred to as
|
Working Capital Management
|
|
A business that is owned by a single individuals
|
Sole Proprietorship
|
|
A business organization
that is similar to a sole proprietorship but has two or more owners is called a
|
Partnership
|
|
The document which
specifies how net profits and losses are to be divided among two or more individual
owners, who are personally liable for the firm’s debts, is called
|
Partnership Agreement
|
|
A business entity which is
treated as a legal “person” is called a
|
Corporation
|
|
The legal papers which
designate a firm’s name, nature of business, and intended life are called the
|
Articles of Incorporation
|
|
The rules which outline how
a corporation will regulate itself are referred to as the
|
Bylaws
|
|
Cross between a partnership
and a corporation
|
Limited Liability Company
|
|
Any situation where a
potential conflict can arise between the firm’s owners and its managers is
referred to as a(n):
|
Agency Problem
|
