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EOPA TThomas2
Entrepreneurship Pathway
Term | Definition |
---|---|
Autocratic Leader | Leader who does not listen to other people but make all decisions themselves. The make decisions alone because they do not trust others. |
Define “anchoring” in the context of making decisions | The anchoring effect refers to the adjustment a decision maker carries out based on information presented to him |
PMI | Pluses, Minuses, Implications; listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third column |
EBITDA | Earnings before Interest, Taxes, Depreciation and Amortization |
Intangible Assets | ong-term assets (e.g., patents, trademarks, copyrights) that have no real physical form but do have value |
Profitability Ratios | measure the company's ability to generate profits |
Liquidity Ratios | measure the ability to turn assets into cash to pay short-term depts. |
Cash Flow Statement | a financial statement that shows the flow of money in and out of the business; it shows the real cash that is available to keep the business running |
Causes Of Cash Flow Problems | late payments and non-payments, unforeseen costs, unexpected changes in demand, over-borrowing from the bank to finance expansion plans |
Factoring | using an outside company to recover debts, obtaining funding by selling account receivable |