Fast and Curious Financial Management Business IB CH 12

A ______________ is a set of documents that outline the essential financial facts about the new venture.

• financial forecast

• budget

• income statement

• financial plan

The ___________________ is a report of the revenue, expenses, and net income or net loss over an accounting period.

• income statement

• accounts payable

• owner's equity

• financial statement

• Profit Maximization

• Cost Reduction

• Wealth Maximization

• Proper Utilization of Funds

• Distribution of Dividend

Uncertainty

• Risk

• Problem

• Return

• Investment

GDP

• Gross democracy price

• Gross domestic product

• Gross domestic price

• None of these

Income from investment

• Property

• Risk

• Investment

• Return

Decrease the purchase power

• Debenture

• Shares

• Inflations

• Bonds

A sum of money paid regularly by a company to it's shareholders out of its Profit

• Debenture

• Divided

• Division

• Dividend

The ___________________ is a report of the revenue, expenses, and net income or net loss over an accounting period.

• income statement

• accounts payable

• owner's equity

• financial statement

______________ are property and other items of value owned by a business.

• Current assets

• Fixed assets

• Liabilities

• Assets