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Bus 100 > Quiz > Flashcards

Quiz Flashcards

1
Q

Accepting the risk of starting and running a business

A

Entrepreneurship

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2
Q

Launching a new venture: what’s in it for me

A

Greater financial success
Independence
Flexibility
Challenge

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3
Q

Opportunity and threats for small business

A

Market niches
Personal customer service
Lowest overhead cost
Technology

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4
Q

Sources of capital

A 
Personal savings
Relatives 
Formed employers 
Banks and finance companies 
Gov agencies 
Angel investors
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5
Q

Individuals or companies that invest in new business exchange for partial ownership

A

Venture capitalist

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6
Q

Pros and cons to buying a franchise

A 
Pros-
Partnering with established brand
Possibility of assistance with management and finance 
Low failure 
Cons-
Less creativity 
Tied to mistakes 
Purchase price and ongoing royalties can be steep
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7
Q

The function in a business that acquires funds for a firm and manages them within the firm

A

Finance

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8
Q

Finance activities

A

Preparing budgets
Create cash flow analysis
Plan for expenditures

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9
Q

The job of managing a firms resources to meet its goals and objectives

A

Financial management

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10
Q

Why do firms fail financially

A

Undercapitalization
Poor control over cash flow
Inadequate expense control

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11
Q

Highlights a firms spending plans for major asset purchases that often require large sums of money

A

Capital budget

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12
Q

Estimates cash inflows and outflows during a particular period like month or quarter

A

Cash budget

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13
Q

Ties together all the firms other budgets and summarizes its proposed financial activities

A

Operating budget

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14
Q

Unsecured promissory notes in amounts of 100,000 plus that come due in 279 days or less

A

Commercial paper

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15
Q

Short term ious issued by gov. Mature in 4,13,26 weeks

A

T bills

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16
Q

Pooled funds to purchase a portfolio of short term liquid securities. Affordable for small investors

A

Money market mutual funds

17
Q

Money which is owed to a company by a customer for products and services provided on credit

A

Accounts receivable

18
Q

Earning interest in the current period on interest from previous periods

A

Compounding

19
Q

A dollar received today is worth more than a dollar received in the future

A

time value of money

20
Q

Functions of security markets

A

Assist business in finding long term funding

Provide private investors a place to buy and sell securities

21
Q

Handle sale of new securities

A

Primary market

22
Q

Handle the trading of securities between investors with the proceeds going to seller

A

Secondary markets

23
Q

The first offering of a company’s stock

A

Initial public offering

24
Q

Shares of ownership in a company

A

Stock

25
Q

Evidence of stock ownership

A

Stock certificate

26
Q

Part of a firms profits that the firm may distribute to stockholders as cash or additional shares

A

Dividends

27
Q

Most basic form. Holders have right to vote for board of directors and share in profits

A

Common stock

28
Q

Owners are given preference in payment of company dividends before common stock dividends are distributed

A

Preferred stock

29
Q

Corporate certificate indicating that an investor has lent money to a firm

A

Bond

30
Q

The payment the bond issuer makes to the bond holders to compensate them for the use of their money

A

Interests

31
Q

Investors who believe stock prices are going to rise

A

Bull

32
Q

Investors who expect stock prices to decline

A

Bears

33
Q

Positive difference between price you bought stock for and what you sell it for

A

Capital gains

34
Q

An action by a company that gives stockholders two or more shares of additional stock for every share that’s outstanding

A

Stock splits

35
Q

Tracks how prices of a specific set of stocks have changed

A

Stock index

36
Q

Tracks 500 stocks and weighs the total market value of each stock

A

Standard and poors 500

37
Q

Average cost of 30 industrial stocks

A

Dow jones industrial average

Bus 100 (2 decks)

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