Which of the Following Financial Actions Should Be Made on a Weekly

question 22

Multiple Choice

Which of the following financial actions should be made on a weekly basis by a small business manager?

• A) Check your cash balance on hand
• B) Note especially slow-paying accounts
• C) Record any money paid out
• D) Review federal tax requirements

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Definitions:

Shut Down

A temporary choice made by a company to halt manufacturing because of unsuitable market circumstances.

Shutdown Point

The level of production and price at which the revenue of a firm covers its variable costs, below which the firm would cease operations.

Optimal Output

The level of production at which a firm achieves the highest possible profit, given its cost structure and the market price.

Short-Run

A period in which at least one factor of production is fixed, and firms can only adjust variable inputs.