General Business 107
Is necessary for owners to achieve optimal financial benefits from their business
Financial management
Bonds that have a high risk of physical loss are
bearer bonds
Retention of earnings is a source of
capital financing
The five c's of credit are
character, collateral, condition, capacity, capital
Three different classifications of corporate bonds are
convertible, debenture, mortgage
Ownership capital is often referred to as
equity capital
Most business use both __________________ and _________________ sources of financing
equity, debit
Financial management functions are performed by
owners and managers
Three functions of financial management are
raising funds, financial planning, acquiring assets
Fixed assets are less likely to vary with a change in the level of sales than
working capital