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WorksheetsFinance function Topic 5.1
Total questions: 12
Worksheet time: 6mins
Which statement explains one of the key finance function?
To support marketing decisions
To support business planning and decision making
To provide information about how a business could grow
To provide information to improve operational activities
Which statement explains one of the key finance function?
To support the development of products
To support the targeting of customers
To provide financial information such as costs, revenue, cash flow
To provide information on the training needs of workers
What is the definition for "finance"?
Money raised and used by a business
Money used by customers to buy products
Money created investing in other businesses
Money used by workers
What is a definition of the "finance function"?
The area of business that deals with issues related to the workforce
The area of business that provides operational information, such as quality control and production methods
The area of business that provides financial information such as budgets and cash flow forecasts to support planning and decision making
The area of business that encourages sales through market research and marketing strategies
What is the explanation of "financial information"?
Information that includes details about production methods, quality and working with suppliers
Information that includes staffing requirements, recruitment and selection and motivation
Information that includes graphs of sales figures and market share
Information that includes details of profit, loss, cash flow, profit margin, average rate of return.
What is meant by "sales revenue"?
Money gained from selling products and services
Money that is paid to make products and services
Money that is raised to pay for an investment
Money that is used to help expand the business
What is meant by "production costs"?
Costs related to setting up a business
Costs that are related only to the paying of workers
Costs that are directly related to the making of the products
Costs are related to the selling of products and services
What is meant by "profit"?
Where money is used to pay motivational methods to workers
Where fixed costs are greater than variable costs
Where revenue is less than total cost
Where revenue is greater than total costs
What is meant by "forecasting cash flow"?
The actual profit made by a business over time
The expected revenues and expenditure of a business over time
The actual revenues and expenditure of a business over time
The expected profit of a business over time
What is meant by "arranging finance"?
The different ways a business could avoid making a loss
The different sources a business could use to raise additional money
The different ways a business could raise revenue
The different sources a business could use to increase profit
What is meant by "break-even output"?
Where profit is being made
Where the total revenue is less than total costs
Where total revenue equals total profit
Where total revenue equals total costs, and no profit or loss is being made
What does the average rate of return show?
Shows the different choices over the expected life of an investment
Shows the different options to increase profit
Shows the different choices to increase sales revenue
Shows the different options of reducing total costs
