Adv. Accounting Spring LIA

Theory X

Business management theory that assumes people are basically lazy and will avoid working if they can

Theory Y

Business management theory that assumes people find satisfaction in their work.

Theory Z

Business management theory that integrates Japanese and American business practices.

Cash outflows

Cash payments

Working Capital

the amount by which current assets exceed current liabilities

Trust

Giant industrial monopoly

Monopoly

Occurs when one party maintains total control over a type of industry

Cash equivalents

Short-term, highly liquid investment such as money market accounts and certificates of deposit.

Ratio analysis

the comparison of two amounts on a financial statement resulting in a percentage that shows the relationship between the two amounts.

Total quality management

a system of management based on involving all employees in a constant process of improving quality and productivity by improving how they work.