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Understand financial management

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Question 1 of 5

Financial viability is important for an organization because it will lead to:

Steady growth

Management of costs

Job opportunities

Building up a cash reserve

Poor financial management within an organization might lead to:

Monitoring of accounts

Building up a cash reserve

Underestimating costs

Promoting the business

Creditors are people who

Are owed money

Sell goods

Buy goods

Owe money

Turnover is revenue from

Sale of assets

Sales before profit is calculated

Sale of shares

Sales after profit is calculated

Audits are checks on the:

Budgets and plans of an organisation

Financial viability of an organisation

Finances of an organisation

Management of an organisation

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