DECA Prep!

a monthly statement that shows when cash will go into and go out of a business

the way a business plans to handle any insurable or non-insurable risks they may encounter

The day-to-day running of the business, which may include: scheduling, logistics, safety, ect.

uses data to make management decisions

the analysis of outside sources that could impact the business environment

are a way for the government to borrow money from the people

Income Statements are the cash payments for profits from a corporation to its shareholders

the process of planning, pricing, promoting, selling and distributing products

a statement of a business's assets, liabilities and owners equity

Insurance companies cover the potential loss of property or people

Resources including money, buildings, or equipment that is used to run a business

involves guiding a group or business toward their goals

Occurs when one steals funds or information from another person and applies for credit

a system to manage and control a business's finances

is the fee paid for borrowing money

A statement of a business's income and expenses over a period of time, such as one month or yr

is a way to manage the employees of a business

With insurance businesses can transfer thier risk to the insurance company

Environmental scan factors that are analyzed include all EXCEPT

the cash payment of profits from a corporation to its shareholders

the amount of an item producers are willing to produce and sell at a given price

a form of risk management know as risk transfer

includes overseeing the revenue, expenses, budgets and financial statements of a business