Business Management II Unit 5 (2023)

Front

To develop realistic budgets, existing businesses usually base their estimates on

Back

past performance.

Front

What is the relationship between a business's goals and its budget?

Back

Budgets translate a business's goals into actual means for accomplishing them.

Front

Which is a factor that might cause a business to adjust its budget figures? local elections, economic trends, sales procedures, operating policies

Back

economic trends

Front

For financial information to be comparable, it must also be

Back

consistent.

Front

A company looks at financial information and learns that it could save money by switching to a different Internet provider. This is an example of using financial information to

Back

reduce expenses.

Front

Sierra, a managerial accountant for Pepsi, develops estimates of how much each department will spend in the upcoming year. What task of managerial accounting is she completing?

Back

budgeting

Front

Karen, a hedge fund manager, is considering investing in a new company. She is looking at the financial statement that gives her insight into what the company owes and owns. Which financial statement is it?

Back

balance sheet

Front

The owners of C&G Auto regularly review their budget to determine whether they are

Back

following their financial plans

Front

Which is a way that businesses can use financial information?

Back

to identify trends

Front

When a business decides to pay a loan off early due to a cash surplus, how is this business using financial information?

Back

to manage debt