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Chapter 9 How Business Works

Chapter 9 How Business works Read Pages 202-233

     

Capital

Invest

manage

proprietorship

partnership

Corporation

dividend

Application

Agency

Capital

Stockholders

Board of Directors

Management

Administration

Human Resources

Fringe Benefits

Negotiate

R&D

Production

Downtime

On line

Marketing

Marketing Plan

Consumer

Survey

Feedback

Random

Unbiased

Mass Production

Standardized

Interchangeable

Inventory

JIT

TQI

defect

quality

QC

Phases

WIP

SPC

Distribution

break-even point

liquidation

See page 230 for more information and an example

 

Draw a break even chart for the following product. How many products must you sell to make a product?

  • Sale Price= $2.00 per product
  • Manufacturing Cost = $1.00 per product
  • Fixed Cost = $20

 

Draw a break even chart for the following product. How many products must you sell to make a product?

  • Sales = $3.00 per product
  • Manufacturing Cost = $1.50
  • Fixed Cost = $30

 

A company that you own stock in has been bought as is going to be liquidated. The total profit is 13 million dollars. There are 1 millions shares total sold. You own 18 shares. How much money will you pocket?

 

A company that you own stock in has been bought as is going to be liquidated. The total profit is 256 million dollars. There are 8 millions shares total sold. You own 1002 shares. How much money will you pocket?