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jeremy harmon > WOB Final PowerPoints > Flashcards

WOB Final PowerPoints Flashcards

1
Q

Accounts Receivable Turnover Ratio Definition

A

Amount of time to make accounts receivable into cash

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2
Q

What is an example of Intensive Distribution Strategy?

A

Coca Cola

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3
Q

Exclusive Distribution Strategy

A

One or very few outlets in geographic area

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4
Q

Public Corporation

A

Company where stock is sold to anyone who could buy it

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5
Q

1 Advantage of Corporation

A

Limited Liability

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6
Q

Sales Promotion

A

Short term loss to trigger action

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7
Q

Corporate Social Responsibility

A

When a business cares about society more than money

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8
Q

Dividends must be payed in ——- or —–.

A

Cash or stock

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9
Q

Which 2 letters of SWOT are internal?

A

Strength and Weakness

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10
Q

Selective Distribution Strategy

A

Limited number of outlets

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11
Q

Advertising

A

Paid form of non personal communication

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12
Q

Penetration Pricing

A

New products at low price to achieve high sale volume

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13
Q

Which 2 letters of SWOT are external?

A

Opportunity

Threat

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14
Q

Fixed Order Interval Model

A

When inventory falls below certain level an order is placed to replenish it

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15
Q

Skimming Pricing

A

New product at a high price, lower price over time

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16
Q

Balance Sheet equation

A

Assets = Liabilities + owners equity

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17
Q

Liquidity Ratio definition

A

Measures firms ability to pay short term obligations

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18
Q

Inventory Turnover Ratio

A

How long it takes company to change inventory into sales

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19
Q

What 4 things does Equity Financing include?

A
  • voting rights
  • dividends
  • dividends are non tax deductible
  • permanent capital
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20
Q

Name 5 reasons why people start their own company

A 
More control over future
Tired of working for someone else
New product idea
Business goals important on a personal level
Unable to find employement
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21
Q

What is an example of Sales Promotion?

A

Coupon samples and contests

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22
Q

What is the fundamental accounting equation

A

Assets = Liabilities + owners equity

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23
Q

What is an example of corporate social responsibility?

A

Donating to charity

24
Q

What is not reported on a income statement?

A

Balance Sheet

25
Q

Sole Proprietorship

A

Unlimited financial liability owned by one person

26
Q

Competition based Pricing

A

Price based on competitors

27
Q

Wholesaler

A

Person who sells product to others for resale

28
Q

Transparency

A

Degree to which information flows freely within an organization

29
Q

Ethics

A

Rules that govern conduct of a person

30
Q

Retailers

A

Sells goods to others for personal use

31
Q

Product mix

A

All the products the company offers

32
Q

Which 2 letters of SWOT are negative ?

A

Weakness

Threat

33
Q

Working Capital equation

A

Current assets - current liabilities

34
Q

What 4 things does Debt Financing include?

A

No voting rights
Coupon interest
Fixed life / maturity
Interest is tax deductible

35
Q

What is an example of odd even Pricing?

A

$19.95

36
Q

Dividends

A

Payments to stockholders from after tax profits

37
Q

Odd even Pricing

A

Price at odd number, consumers think price is lower

38
Q

Statement of Cashflow

A

Summary of money coming in and going out

39
Q

Current Ratio

A

Current Liabilities

40
Q

What are the 2 criterias for choosing a brand name?

A

Unique

Relates to business

41
Q

Debt to assets Ratio definition

A

Firms ability to carry long term debt

42
Q

Personal Selling

A

Face to face communication with customer

43
Q

Income Statement Equation

A

Revenues- Expenses = Net Income

44
Q

What is an example of Selective Distribution Strategy?

A

iPhone

45
Q

Which 2 letters of SWOT are positive?

A

Strength and Opportunity

46
Q

What is an example of Exclusive Distribution Strategy?

A

Rolex watch

47
Q

Debt to equity Ratio

A

Amount of debt to amount of equity

48
Q

Corporation

A

A Legal entity

49
Q

Intensive Distribution Strategy

A

As many retail outlets as possible

50
Q

Lost horse forecast method

A

Starts with last known value and assess positive and negative impact

51
Q

2 Disadvantages of Partnership

A

Unlimited Liabilities

Potential for Conflict

52
Q

Demand oriented Pricing

A

Price based on consumer demand

53
Q

Quick Ratio Definition

A

Measure of firms short term equity

54
Q

Public Relations aka publicity

A

Information in news not directly paid for by company

55
Q

4 key concepts of Common stock

A
  • No obligation to provide return
  • Highest Risk and Highest Return
  • non tax deductible
  • last to claim assets in bankruptcy

jeremy harmon (108 decks)

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