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WorksheetsA1 Flash Card Quiz (week 18) WC 13.04.26
Total questions: 22
Worksheet time: 53mins
Florence is running a small bakery and wants to increase her revenue. Which of the following is a method she can use?
Reducing product quality
Increasing sales volume
Decreasing customer service
Limiting market reach
What is a potential consequence of trying to increase revenue?
Improved employee morale
Increased operational costs
Decreased market competition
Reduced product variety
Which strategy is used for cutting costs?
Expanding product lines
Increasing advertising budget
Streamlining operations
Hiring more staff
Ella's company is considering cutting costs to improve their financial situation. What is a possible consequence of this decision?
Enhanced brand image
Improved product quality
Reduced employee satisfaction
Increased market share
What does ROI stand for in financial objectives?
Return on Investment
Rate of Interest
Revenue on Income
Return on Inventory
Which financial objective focuses on the money flowing in and out of a business?
Profit
Cash Flow
Costs
Revenue
What is the primary goal of increasing revenue?
To decrease market presence
To improve customer service
To enhance profitability
To reduce production costs
Which of the following is not a financial objective?
Revenue
Costs
Market Expansion
Profit
What is a common strategy for cutting costs in a business?
Increasing employee benefits
Outsourcing non-core activities
Expanding office space
Raising salaries
What is a direct effect of increasing costs on a business?
Higher profit margins
Reduced cash flow
Increased market share
Reduced brand loyalty
Which financial objective is directly related to the difference between revenue and costs?
Cash Flow
Profit
Return on Investment
Market Share
What is a potential risk of cutting costs too aggressively?
Improved customer satisfaction
Loss of competitive edge
Increased employee engagement
Enhanced product quality
Which of the following is a financial objective that measures the efficiency of an investment?
Revenue
Costs
Return on Investment
Cash Flow
What is a potential benefit of increasing revenue?
Decreased market competition
Higher operational costs
Greater financial stability
Reduced product innovation
True or false. Financial objectives need to consistent with other functional objectives and align to the overall corporate objectives.
True
False
For a single product, what is the formula for Revenue
Price/Quantity
Price x Quantity
Price + Quantity
Price - Quantity
Quantity/Price
True or False. A disadvantage of revenue objectives is that increasing revenue does not necessarily increase a business’s profits.
True
False
True or False. Without cash, a business is unable to meet its financial commitments as they fall due.
True
False
Fill in the blank. Businesses with ________ cash cycles are more susceptible to cash flow problems and possible business failure.
Long
Short
Nonexistent
None of the answers
Why might a business lower its investment level and reduce the amount it has borrowed?
Decrease interest payments
Support growth
Increase interest payments
Make dividend payments
None of the answers
Which of the following is NOT an internal influence that affects financial objectives?
Political trends
Overall objectives of business
Nature of the product sold
Objectives of senior managers
Marketing function of business
A business has set an objective to increase profit by 2% each year. If the business made £50,000 profit last year, what would its profit objective be this year?
£1,000
£51,000
£52,000
£60,000
