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