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Financial Terminology EBE

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

Cost minimization

a)

Paying less taxes

b)

Raising funds

c)

The practice of reducing costs to increase profitability without compromising on quality or efficiency.

2.

Financial Planning and Analysis

a)

Managing assets

b)

The process of forecasting, budgeting, and analysing financial data to support strategic decision-making.

c)

Crunching the numbers

3.

Financial Reporting

a)

The preparation of financial statements and other reports that provide a summary of an organisation's financial performance.

b)

Telling the government what the business is up to

c)

Having financial authorities auditing the business

4.

Accounting and Bookkeeping

a)

Counting money and keeping files

b)

The process of recording financial transactions and maintaining financial records

c)

The study of accountancy and national bank archives

5.

Financial risk management

a)

Managing your toughest competition in the world of business

b)

Buying and selling risky stocks and shares

c)

The analysis and management of an organization's exposure to financial risks, such as market risk, credit risk, and operational risk.

6.

Financial Compliance

a)

The process of adhering to financial regulations, laws, and standards to ensure proper financial practices and reporting.

b)

Paying taxes on time

c)

Not engaging in money laundering or use of illicit funds

7.

Tax Planning and Management

a)

Paying the lowest rate of business or corporate tax possible

b)

Planning how to avoid tax and hide money in offshore accounts

c)

The planning and management of taxes to minimise tax liability and ensure compliance with tax laws

8.

Treasury Management

a)

Working with the treasury department of the government

b)

The strategic process of optimising an organisation's cash flow, liquidity and financial investments

c)

Storing all your cash and assets in a treasure box

9.

Financial Systems and Technology

a)

The use of technology systems to manage financial data, processes, and operations efficiently.

b)

Finance, Operations, Management and People

c)

Using software to take payments