business finance lesson 1

business finance lesson 1 - Web Search #1 Business 170...

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Web Search #1 Business 170 –Small Business Finance 1. What is finance? The management of money, banking, investments, and credit. http://www.answers.com/topic/finance#ixzz1K2BZ1VeX 2. What is a market? A place where goods are offered for sale. Name five types of markets in which you participate. Restaurants, Stock market, Money Market the mortgage market, farmers' markets . What markets trade economic resources? Market Economy is to be supported by Market Economics as it should be the instruments of economics should be adequately used based on demand-to-supply fluctuations. http://wiki.answers.com/Q/What_is_market_economics#ixzz1K2Nen84B 3. Compare marginal revenue, marginal cost, and marginal revenue product. The product level by which the marginal revenue is equal to the marginal cost. The costs of all the bottles that were previously produced, to compare it with the revenue. http://www.beginnermoneyinvesting.com/html/finding_where_marginal_revenue.htm 4. Distinguish between economic and financial capital. Real Capital or Economic Capital comprises physical goods that assist in the production of other goods and services. http://en.wikipedia.org/wiki/Financial_capital 5. What is opportunity cost? The opportunity cost of going to college is the money you would have earned if you worked instead. On the one hand, you lose four years of salary while getting your degree; on the other hand, you hope to earn more during your career, thanks to your education, to offset the lost wages. http://www.answers.com/topic/opportunity-cost#ixzz1K2VB0s8s 6. What makes up gross income? Taxable income is generally described as gross income. http://www.answers.com/What+makes+up+gross+income? 7. Compare progressive, regressive, and proportional taxes. Give at least one example of each type of tax. I confirm that I am at least 13 years of age. . .. Examples of proportional tax? One example is the Corporate income tax which is a fixed rate at 35%. . .. Are Excise Tax is regressive tax or progressive tax? Excise taxes are regressive taxes. http://www.answers.com/Compare+progressive,+regressive,+and+proportional+taxes. +Give+at+least+one+example+of+each+type+of+tax? 8. What is the law of supply? The law of supply is the tendency of suppliers to offer more of a good at a higher price. http://www.answers.com/topic/law-of-supply-1#ixzz1K2WwpczJ
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This note was uploaded on 05/04/2011 for the course BUS 170 taught by Professor Basford during the Spring '10 term at Coastline Community College.

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business finance lesson 1 - Web Search #1 Business 170...

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