Business Management Unit 5 Common Assessment

is the process of allocating financial resources to maximize the profitability and wealth of the company

• Liquidity

• Financial planning

• Financial control

• Resource allocation

is the ability to convert assets into cash quickly.

• Cash budget

• Bootstrapping

• Liquidity

• Line of credit

is simply the flow of cash into and out of the company.

• Cash flow

• Capital investment

• Factoring

• Stock

is determining where the company's resources go.

• Financial feasibility

• Crowdfunding

• Resource allocation

• Resource factoring

is funding a new business from one's own savings

• Venture Capitalist

• Bootstrapping

• Factoring

• Crowdfunding

are wealthy individuals or groups who provide start-up money for entrepreneurs in exchange for some form of equity ownership in the business.

• Incubator

• Crowdfunding

• Venture capitalist

• Angel investors

a place, especially with support staff and equipment, made available at low rent to new small businesses.

• Incubator

• Angel Investor

• Capital investment

• Accounts receivable

are wealthy individuals or groups who provide money to start or expand a business, but will generally only fund businesses with very high growth potential.

• Venture capitalist

• Crowdfunding

• Bootstrapping

• Bartering

Which sentence best describes a manual accounting system?

• Financial records kept by a small business.

• Financial records kept using software.

• All of the answers are correct.

• Financial records kept by hand.

What is the first step in an accounting cycle called?

• Transaction analysis

• Journalizing

• Adjusting entries

• Accounting equation