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Small firms use debt financing because interest payments are tax-deductible expenses.
Performance standards tell employees in advance what level of performance is expected
of them.
Key person insurance insures the lives of important employees.
The U.S. Department of Commerce offers assistance to small firms through its Trade
Information Center and its Global Export Market Information Service.
Quality circles (QCs) are small, organized work groups meeting periodically to find
ways to improve quality and output.
A liability judgment against an individual constitutes a pure risk.
Service companies, which provide a service for customers, have some characteristics of
both retailers and producers.
Dogs are considered to be effective deterrents against armed robbers.
Indirect taxes must either be added to the price of the firm's product or shifted backward
to the persons who produced the product because they are part of the cost of doing
business.
Leadership is the ability to influence others to strive to attain goals or objectives.
Defined-benefit plans have a fixed amount of payout at retirement.
The capital budget is the most basic plan to consider and must be prepared before all
other budgets.
