Basic ecomonic terminology. Искренко Э.В - 40 стр.

      i) A period of time long enough for all inputs to be varied.
      j) Costs of production that change when the rate of output is
altered.
      k) Short-term obligations that arise as a result of making credit
purchases.
      l) A technological relationshi p expressing the maximum
quantity of a good attainable from different combinations of factor
inputs.
Çàäàíèå ¹ 3. Ïðî÷èòàéòå îïðåäåëåíèÿ è óêàæèòå òåðìèíû, ñî-
îòâåòñòâóþùèå èì.
      1. The ease and speed with which an asset can be converted to
cash; cash is said to be perfectly liquid.
      2. Whatever a firm, organization, or person owns that has a
dollar value.
      3. Assets the firm normally expect to hold no longer than a year.
      4. The process of writing off as an expense the cost of fixed assets
during the period that they contribute to the earnings of the firm.
      5. Assets that are held for longer than a year.
      6. Assets that have no physical form or clearly defined value.
      7. A debt that will be paid off within a year of the balance sheet date.
      8. The amount of resources used up by a firm in the pursuit of
revenues.
Çàäàíèå ¹ 4. Çàïîëíèòå ïðîïóñêè â òåêñòå ñîîòâåòñòâóþùè-
ìè òåðìèíàìè:

       machinery         shareholder          goodwill
       inventory         intangible           cash
       patents           current              buildings
       funds             fixed                real estate
       allocation

      Resource _____, the second function of corporate finance, is
the investment of _____ with the intent of increasing _____ wealth
over time. Two basic categories of investments are current assets
and fixed assets. _____ assets include _____, _____, and accounts
receivable. Examples of _____ assets are _____, _____ _____,
and _____. In addition, the resource allocation function is concerned
with _____ assets such as _____, _____, workers, and brand
names.

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