In the Context of Small Businesses, _____ Is the First

question 18

Multiple Choice

In the context of small businesses, _____ is the first step in profit planning.

• A) establishing a profit goal
• B) estimating the volume of sales revenue
• C) estimating the amount of expenses
• D) preparing a balance sheet

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Definitions:

Exploitation Of Labor

The unfair treatment of workers, often involving overstretched work hours, underpayment, or poor working conditions, for the benefit of employers.

Eurodollar Market

The debt market created when foreign banks with eurodollar deposits lend those funds.

European Banks

Financial institutions based in Europe which engage in all kinds of banking services including deposits, loans, and investments.

Translation Risk

The gain or loss on the value of assets and liabilities held in another country that results from variation in exchange rates. Generally relatively meaningless as long as the foreign operation is not liquidated or sold. Therefore not generally taxable.