Give Some Three Examples of Visual Aids and Show How

question 125

Essay

Give some three examples of visual aids and show how they improve comprehension.

Recognize the significance of trade credit in short-term financing.

Identify the most common types of securities sold privately and their characteristics.

Understand the factors that influence the cash cycle and operating cycle.

Calculate cash surplus or deficit based on cash flow data.

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Definitions:

Diseconomies of Scale

occur when a company or business grows so large that the costs per unit increase, causing efficiency to decrease.

Real Cost

The total cost of producing a good or service, including all resources consumed and opportunity costs, in contrast to its financial cost.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other factors remain constant.

LRATC

Long-Run Average Total Cost, referring to the average cost per unit of output when all inputs are considered variable over time.