Use the Following Two Columns of Items to Answer the Matching

question 40

Short Answer

Use the following two columns of items to answer the matching questions below:
-money management
A)ability to cover cash deficiencies
B)a series of decisions made over a short-term period regarding cash inflows and outflows
C)cash outflows are more than inflows

• A)ability to cover cash deficiencies
• B)a series of decisions made over a short-term period regarding cash inflows and outflows
• C)cash outflows are more than inflows

---

Definitions:

Average Variable Cost

The cost per unit of output that varies with the level of production, excluding any fixed costs.

Learning-by-Doing

The process through which skill and efficiency are improved over time as a result of practice and experience.

Economies of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.

Technological Advance

Progress in technology that improves efficiency and productivity, often leading to economic growth.