Chapter 8 Agricultural Business

What is a list of money a business plans to deal with over the course of the upcoming year?

• Asset

• Budget

• Capital

• Expense

What is an item of value owned by a business?

• Budget

• Asset

• Expense

• Capital

What are the financial resources a business has available for use?

• Capital

• Expense

• Asset

• Budget

Any money a business pays out.

• Budget

• Asset

• Capital

• Expense

A statement of business goals, along with the strategies and actions for achieving those goals.

• Cash flow statement

• Comparative Advantage

• Business plan

• Capital loan

A business loan for the costs necessary to run a business.

• Cash flow statement

• Comparative Advantage

• Business plan

• Capital Loan

A financial report that shows how changes in income and expenses affect the amount of available cash a business has to work with.

• Business Plan

• Cash flow statement

• Comparative advantage

• Capital Loan

A statement looking at potential competitors for a certain business and how the business fits into the same market.

• Comparative Advantage

• Business Plan

• Cash Flow Statement

• Capital Loan

A debt or financial obligation of a business.

• Inventory

• Liability

• Depreciation

• Interest

The reduction in the value of an asset with the passage of time.

• Liability

• Inventory

• Interest

• Depreciation