The Fundamental Financial Building Blocks for a Small Business Owner

question 113

Multiple Choice

The fundamental financial building blocks for a small business owner are knowing what assets are required to open the business and how those assets will be financed. This is known as ______.

• A) financial management
• B) initial capital requirements
• C) managerial accounting
• D) open-book management

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Definitions:

Distribution Center

A specialized building or area where products are stored and distributed to retailers, wholesalers, or directly to consumers.

Demand Constraint

A limitation in mathematical models of supply and demand that restricts the quantity of goods or services that can be offered or demanded.

Minnesota

A state in the northern United States, known for its lakes and forests, and also as the Land of 10,000 Lakes.

Equality

The state or condition of being equal, especially in status, rights, or opportunities.