________________________ are debt securities issued by corporations. Interest is generally paid semi-annually.

________________________ are issued by states or municipalities to fund projects or borrow money to meet general obligations.

Large, financially secure corporations finance their short term obligations by selling _________________, a short-term promissory note.

_______________________ is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

Some products are under development for years before they generate earnings. The up-front costs often exceed a firms ability to fund this activities on its own.

Inventory must be purchased, employees must be paid for before cash is generated from sales.

The cost of buying real estate, building, facilities and purchasing equipment typically exceeds a firms ability to provide funds for this needs on its own.

_______________ is one of the very subtle sectors of a business that can make or break entrepreneurs.

These money transactions are necessary to keep a business going. But without a proper system in place, they can be a great source of problems, particularly legal issues.

TRUE OR FALSE.

SOLE PROPRIETORSHIP a corporation is an organization usually a group of people or a company authorized by the state to act as a single entity

TRUE OR FALSE.

CORPORATION is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interest.

TRUE OR FALSE.

PARTNERSHIP is a business that can be owned and controlled by an individual, a company or a limited liability partnership in the business.

TRUE OR FALSE.

COPYRIGHT is a legal term used to a describe the rights that creators have over their literary and artistic works.

TRUE OR FALSE.

A PATENT is an exclusive right granted for an invention. Generally speaking, a patent provides the patent owner with the right to decide how – or whether – the inventions can be used by others.

SITUATIONAL:

Ms.Aia of Bubbles Laundry is having a thorough inspection of the electrical lines of her shop. Upon seeing something wrong, she immediately called an electrician to fix the problem.

SITUATIONAL:

Althea is preparing to borrow some amount to the KBM Lending because she understand that it takes time to build a relationship towards customer and establish a good cash flow.

SITUATIONAL:

Junel is preparing a 5 year Sales Forecast as he will do his report to the board and the owners of the business this coming weekend.

SITUATIONAL:

Ms.Chan agreed to become a partner in the proposal of Mr.Manaloto to invest in the construction of the 5 storey commercial building, 2 schools and 1 hospital project of Manaloto Holding Firms Inc.

SITUATIONAL:

Janice, Melody and Mark do their campaigns on the social media 2 months before the opening of their Karaoke Hub business. They plan to cater middle ages to young professional customers.