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