Title: Explain the significance of finance and how it can determine the ultimate success of a business or school-based enterprise (SBE).
Course: Small Business Marketing (12161) > Section: Explaining the Role of Finance in Business

Explanation should include

- credit (e.g., installment accounts, revolving accounts, vendor accounts, open credit)
- loans
- leases
- budgeting
- risk management
- investments.

Process/Skill Questions:

- What is the difference between an asset and a liability?
- How can a company determine whether it has made a profit or incurred a loss?
- How does a company determine its net worth?
- How can a business identify and respond to financial risks such as rising costs, unexpected losses, or declining sales?
- What roles can technology play in protecting a business against risk factors?
- What are ways a business can use credit responsibly?