Entrepreneurship Pathway
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| 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.
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| 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
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| 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
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| EBITDA | Earnings before Interest, Taxes, Depreciation and Amortization
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| Intangible Assets | ong-term assets (e.g., patents, trademarks, copyrights) that have no real physical form but do have value
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| Profitability Ratios | measure the company's ability to generate profits
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| Liquidity Ratios | measure the ability to turn assets into cash to pay short-term depts.
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| 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
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| 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
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| Factoring | using an outside company to recover debts, obtaining funding by selling account receivable
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Created by:
MoneyMia
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