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11 Cards in this Set
- Front
- Back
|
Capital.
|
Ability and willingness to invest personally
in a business venture satisfies the credit requirement for: |
|
If beginning inventory is $27,000,
merchandise purchased to replenish the stock is $18,000, and the recorded ending inventory is $16,000, what is the cost of goods sold?TP/ |
$29,000
|
|
A government agency that uses a
commercial bank to make loans to businesses and then guarantees up to 90% of the loan if the business fails is the: |
SBA
|
|
The most common source of business
financing is a: |
Bank
|
|
What is trade credit?
|
A form of short-term financing from
within the industry |
|
On an income statement, net sales revenue
minus cost of goods sold is: |
Gross profit.
|
|
Which organization has as its purpose the
stimulation of local economic growth? |
Chamber of Commerce
|
|
The federal agency which provides
assistance and advice on how small businesses can increase revenues and profits is the: |
SBA
|
|
A local agency which is a good resource for
agricultural businesses is the: |
County Extension Service.
|
|
The proposed business organization,
including the form of business ownership, is included in which section of the business plan? |
Organizational plan
|
|
Business owners must be able to get along
with their employees, make customers feel welcome, and maintain a working relationship with business associates. These are: |
Human Relation skills
|
