Business Management

Front

What is LIFO/FIFO most associated with?

Back

Accounting

Front

What does LIFO stand for?

Back

Last In First Out

Front

What does FIFO stand for?

Back

First In First Out

Front

Which of the following is not a problem-solving strategy?

Back

Use of technology

Front

What is stress management?

Back

The ability to cope with stress

Front

What is the primary purpose of accounting?

Back

To record, summarize, and report financial transactions.

Front

What is a budget?

Back

A financial plan that outlines expected income and expenses.

Front

Define 'cash flow'.

Back

The total amount of money being transferred into and out of a business.

Front

What is the difference between fixed and variable costs?

Back

Fixed costs do not change with production levels, while variable costs do.

Front

What is a SWOT analysis?

Back

A strategic planning tool that identifies Strengths, Weaknesses, Opportunities, and Threats.