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1- Distinguish between economic and financial capital. (own words ) 2- List and describe the five functions of a manager? 3- OWN WORDS. How are

1- Distinguish between economic and financial capital. (own words )

2- List and describe the five functions of a manager?

3- OWN WORDS. How are financial statements used by business?

4- Compare variable and fixed expenses.

5- What is the importance of liquidity?YOUR WORDS

6- List and briefly explain the five-step capital budgeting process. ( OWN WORDS )

7- Compare speculative risk and pure risk. Provide an example of each.

8- What are the basic factors that should be considered when establishing an individual retirement plan?

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