Understand financial management
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Question 1 of 5
Financial viability is important for an organization because it will lead to:
Management of costs
Job opportunities
Steady growth
Building up a cash reserve
Poor financial management within an organization might lead to:
Monitoring of accounts
Building up a cash reserve
Promoting the business
Underestimating costs
Creditors are people who
Are owed money
Sell goods
Buy goods
Owe money
Turnover is revenue from
Sales before profit is calculated
Sale of assets
Sale of shares
Sales after profit is calculated
Audits are checks on the:
Financial viability of an organisation
Budgets and plans of an organisation
Finances of an organisation
Management of an organisation
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