Business Finance Basics
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Easy
Jd +
Used 1+ times
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24 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Gross Profit
Back
Sales revenue - direct costs
2.
FLASHCARD QUESTION
Front
Net Profit
Back
Gross profit - indirect costs
3.
FLASHCARD QUESTION
Front
Profit Margins
Back
Measure of profitability
4.
FLASHCARD QUESTION
Front
Record Transactions
Back
Accurate for tax and performance
5.
FLASHCARD QUESTION
Front
Financial Reporting
Back
Inaccurate records affect business and HMRC
6.
FLASHCARD QUESTION
Front
Business Management
Back
Using accounts for decision making
7.
FLASHCARD QUESTION
Front
Resource Management
Back
Planning, monitoring, controlling resources
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