5 Questions
True or false: Efficiency is the objective of using the resources of the organization to generate a financial return or service delivery?
True
True or false: Liquidity refers to the ability of an organization to meet its short term financial objectives?
True
True or false: Prosperity is the ability of an organization to grow or reinvest to stay competitive?
True
True or false: If an organization runs out of money and cannot borrow, it will cease to exist?
True
True or false: The higher the profit, the less efficient an organization is?
False
Test your knowledge on financial objectives such as efficiency and liquidity. Learn about the importance of using resources effectively and generating financial returns, as well as the ability of an organization to meet its short-term obligations.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
