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Financial Decision Making

Quiz by Mark Seccombe

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43 questions
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  • Q1
    A goal or target pursued by the finance department (or function) within an organisation
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    30s
  • Q2
    Measures the extent to which revenues from selling a product over some time period exceed the costs incurred in producing it
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    30s
  • Q3
    The movement of cash into and out of a business over time
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    30s
  • Q4
    Record a business's sales revenue over a trading period and all relevant costs incurred as well as the business's profit or loss
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    30s
  • Q5
    Income received from sales minus the cost of goods and services sold
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  • Q6
    Expenditure that can clearly be allocated to a particular product or area of the business. Examples are raw materials and components
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    30s
  • Q7
    Expenditure that relates to all aspects of a business's activities, such as the maintenance costs for buildings or senior managers' salaries
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  • Q8
    Financial surplus arising from a business's normal trading activities and before taxation
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    30s
  • Q9
    Measure of a business's surplus that takes into account a wider range of expenditures and incomes including taxation
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  • Q10
    Earnings or income generated by a firm as a result of its trading activities
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  • Q11
    Medium- to long-term goals established to coordinate the business
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  • Q12
    The purchase of assets such as property, vehicles and machinery that will be used for a considerable time by the business
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    30s
  • Q13
    Items that a business owns and which it expects to retain for one year or longer.
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  • Q14
    Spending undertaken by businesses to purchase non-current assets such as vehicles and property. It is another term for investment
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  • Q15
    Refers to the way in which a business has raised the capital it requires to purchase its assets
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    30s

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