Group 3 - ICEBREAKER

It is a financial plan of the resources needed to carry out tasks and meet financial goals.

• Profit

• Revenue

• Cash flows

• Budget

A continuous process of measuring product, services or activities against competitors performances.

• Quality Control

• Benchmarking

• Market share

• Trending

It is a method used to enhance forecasting and reduce bias in estimates.

• Delphi technique

• Dili technique

• Shadow clone technique

• New Shadow style

When requesting data from the accounting department, you need be sure to specify what you need and how you will use it.

• True

• False

When considering to make or to buy certain product or services, location and market must be consider.

• True

• False

The optimal number of units to order or produce is called ______________.

• Economic order quantity

• Economic order quality

• Production or orders

• Optimal number of orders

Compares the actual vs expected cash flows and keeps track of the financial metrics of your businesses.

• Profit Variance Analysis

• Cost Variance Analysis

• Financial Analysis

Budget that can be adjusted depending upon revenue and cost changes throughout the fiscal year, accounting for expected unpredictability.

• Fixed Budget Line

• Flexible Budget Line

• Financial Budget Line

A control system that is designed to detect and correct variances from expected levels. In essence, a standard or budgeted revenue or expense level is set in advance, and then compared to actual results.

• Profit Variance Analysis

• Cost Variance Analysis

• Financial Analysis

IRR method of assessing investment alternatives. The internal rate of return (IRR), sometimes called the time-adjusted rate of return, of series of cash flows is the discount rate that equates the net present value of the series to zero.

• True

• False