Economics Chp.14 (1)

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Author:
Anonymous
ID:
241002
Filename:
Economics Chp.14 (1)
Updated:
2013-10-16 12:20:33
Tags:
OHS Economics
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1st 9 weeks
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  1. The process of comparing cost vs. benefits in determining if a business should expand its operation
    Cost benefit analysis
  2. Less than 1 year (cash flow issues)
    Type of financing and the length of time 
    Short term
  3. 1 to 10 years (vehicles)
    Type of financing and the length of time 
    intermediate term
  4. 10 or more years (mortgages) 
    Type of financing and the length of time 
    Long term
  5. Money received from customers in return for providing goods or services
    Revenues
  6. Total cost of providing a good or service
    Expenses
  7. Revenues minus cost (expenses). More revenue than expense results in a profit or gain. More expense than revenue results in a debit or loss
    Profit

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