A. operations management.

B. supply chain management.

C. raising money.

D. production management.

A. Calculation statements

B. Forecasts

C. Statements of cash flow

D. Financial statements

A. efficiency.

B. effectiveness.

C. stability.

D. profitability.

A. accounts receivable.

B. inventory.

C. accounts collectable.

D. accounts payable.

A. estimate of a firm’s future income and expenses.

B. set of ratios which depict relationships between a firm’s financial items.

C. itemized forecast of a company’s income, expenses, and capital needs.

D. written report that quantitatively describes a firm’s financial health.

A. investing activities

B. financing activities

C. operating activities

D. capital activities

A. operating activities, capital activities, and liquidity activities.

B. stability activities, earning activities, and financing activities.

C. operating activities, investing activities, and financing activities.

D. profitability activities, stability activities, and investing activities.

A. current assets

B. fixed assets

C. other assets

D. permanent assets

A. net income by net sales.

B. gross profit by net sales.

C. net income by gross profit.

D. net income by cost of sales.

A. statement of cash flows

B. income statement

C. balance sheet

D. operating budget

A. new project team

B. startup team

C. new venture team

D. new venture panel

A. diverse in terms of their abilities and experiences.

B. similar in terms of their abilities and experiences.

C. diverse in terms of their experiences, but very similar in terms of their abilities.

D. diverse in terms of their abilities, but very similar in terms of their experiences.

A. expertise report

B. talent summary

C. talent profile

D. skills profile

A. junior and senior directors.

B. inside and outside directors.

C. experienced and inexperienced directors.

D. novice and expert directors.

A. write the firm’s strategic plan, declare dividends, and conduct the annual meeting.

B. appoint the officers of the firm, declare dividends, and oversee the affairs of the corporation.

C. appoint the officers of the firm, conduct the annual meeting, and submit the firm’s annual report to the Securities & Exchange Commission.

D. periodically update the firm’s business plan, declare dividends, and write the firm’s marketing plan.

A. provide guidance and support to the firm’s managers.

B. submit papers on behalf of the firm to the SEC.

C. conduct the firm’s annual meeting.

D. represent the firm in public relations activities.

A. international consulting firms, like Accenture and Bearing Point, are financially beyond the reach of most small firms

B. consultants fall into two categories: paid consultants and consultants who are made available for free

C. give expert advice

D. help manage the day-to-day activities of the firm

A. consultation panel.

B. suggestion panel.

C. advisory board.

D. idea board.

A. outside director.

B. insdie director.

C. external director.

D. impartial director.

A. they are underfunded and the founders of the firms don’t move quickly enough to put together boards of directors and boards of advisors that can provide them direction and advice.

B. the founders of the firms underestimate the complexities involved with starting a new business and the firms lack a “track record” with outside buyers and sellers.

C. the people who start the firms can’t adjust quickly enough to their new roles and the firms lack a “track record” with outside buyers and sellers.

D. the people who start the firms can’t adjust quickly enough to their new roles and they are underfunded.