A Person with a History of Bad Credit and an Inconsistent

question 45

Multiple Choice

A person with a history of bad credit and an inconsistent record of payments on other debt is most likely to find a short-term loan through a

• A)commercial bank.
• B)personal credit institution.
• C)savings bank.
• D)sales finance institution.
• E)payday lender.

Understand the components and importance of a statement of financial position.

Analyze the factors affecting operating cash flow, net working capital, and earnings per share.

Calculate net capital spending from financial statements.

Understand the components of cash flow from assets and its impact on financial positions.

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that can be produced within an economy given available resources and technology.

Unemployment Rate

The segment of individuals in the labor force who are not in employment but are looking for jobs actively.

Opportunity Cost

The value of the best alternative forgone when a decision is made to pursue a particular action or resource allocation.

Capital Goods

Long-lasting goods that are used in the production of other goods or services, such as machinery, buildings, and equipment.