Understand financial management
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Question 1 of 5
Financial viability is important for an organization because it will lead to:
Job opportunities
Management of costs
Steady growth
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
Owe money
Buy goods
Turnover is revenue from
Sale of assets
Sale of shares
Sales after profit is calculated
Sales before profit is calculated
Audits are checks on the:
Finances of an organisation
Financial viability of an organisation
Management of an organisation
Budgets and plans of an organisation
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