In What Ways Did Efficiency Lie at the Heart of Many

question 33

Essay

In what ways did efficiency lie at the heart of many of the technological innovations that came into use in the fourteenth and fifteenth centuries? Use specific examples.

---

Definitions:

Temporary Working Capital

Additional working capital required to support the fluctuating operational needs of a business beyond its permanent working capital.

Working Capital Financing Policies

Strategies that manage the short-term assets and liabilities to ensure a company has adequate funds to meet its operational needs.

Permanent Working Capital

The minimum amount of investment in current assets that a company needs to sustain its business operations.

Short-Term Debt

Describes obligations and loans that are due to be paid back within a year.