List the Five Major Areas of Materials Management

question 269

Essay

List the five major areas of materials management.

Understand the effects of removing price floors and ceilings on market conditions.

Grasp the cause and effect of changes in the supply of loanable funds on interest rates.

Identify the outcomes of price controls such as price ceilings and floors on market surplus or shortage.

Describe the impact of government programs like rent control, minimum wage laws, usury laws, and support prices on the market.

---

Definitions:

Net Operating Profit After Taxes (NOPAT)

NOPAT is a measure of a company's operating efficiency, indicating the profit generated from operations after taxes but before financing costs and non-operating gains and losses.

Shareholders' Equity

The owners' equity in a corporation, calculated as the company's total assets minus its total liabilities.

Corporate Tax Liability

The total amount of taxes owed by a corporation based on its taxable income.

Projected Taxable Income

An estimate of an entity's income for a fiscal period that is subject to income tax.