Financial Planning and Business Structures Quiz

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16 Questions

Financial planning is the process of estimating the capital required and determining its _________

competition

Proprietorship, which is an unincorporated business that is owned by a single individual, has advantages like inherent ease of organization, inexpensive operation, less government regulations, and lower _________ applied to it.

taxes

Partnership operates within the same realm of advantages and disadvantages as a proprietorship type business, with the number of _________ as the only difference between them.

ownerships

Corporations have more flexibility that can be provided for business expansion, and a robust financial management system can be beneficial with its nature of limited liability, ease in raising capital, and transferring _________

ownership

The statement of financial performance is called _________ or Profit and Loss Statement.

income statement

Assets are valuable factors for organizational growth, and firms must understand that acquiring assets require financial _________

capacity

Financial decisions relate to the raising of funds from various resources that are based on types of sources, period of financing, cost of financing and returns from financed projects. Dividends decision is about decisions on distribution of net profits that are generally divided into dividend for shareholders and retained earnings. Financial management functions in areas of liquidity, raising funds, management of flow of internal funds, and enterprise profitability. More specifically, financial management operates on the following areas: 1. ________ Control

Cost

Financial decisions relate to the raising of funds from various resources that are based on types of sources, period of financing, cost of financing and returns from financed projects. Dividends decision is about decisions on distribution of net profits that are generally divided into dividend for shareholders and retained earnings. Financial management functions in areas of liquidity, raising funds, management of flow of internal funds, and enterprise profitability. More specifically, financial management operates on the following areas: 2. ________

Pricing

Financial decisions relate to the raising of funds from various resources that are based on types of sources, period of financing, cost of financing and returns from financed projects. Dividends decision is about decisions on distribution of net profits that are generally divided into dividend for shareholders and retained earnings. Financial management functions in areas of liquidity, raising funds, management of flow of internal funds, and enterprise profitability. More specifically, financial management operates on the following areas: 3. Profit ________

Forecasting

Financial decisions relate to the raising of funds from various resources that are based on types of sources, period of financing, cost of financing and returns from financed projects. Dividends decision is about decisions on distribution of net profits that are generally divided into dividend for shareholders and retained earnings. Financial management functions in areas of liquidity, raising funds, management of flow of internal funds, and enterprise profitability. More specifically, financial management operates on the following areas: 4. Measuring of Required ________

Return

Financial decisions relate to the raising of funds from various resources that are based on types of sources, period of financing, cost of financing and returns from financed projects. Dividends decision is about decisions on distribution of net profits that are generally divided into dividend for shareholders and retained earnings. Financial management functions in areas of liquidity, raising funds, management of flow of internal funds, and enterprise profitability. More specifically, financial management operates on the following areas: 5. Managing ________

Assets

Financial decisions relate to the raising of funds from various resources that are based on types of sources, period of financing, cost of financing and returns from financed projects. Dividends decision is about decisions on distribution of net profits that are generally divided into dividend for shareholders and retained earnings. Financial management functions in areas of liquidity, raising funds, management of flow of internal funds, and enterprise profitability. More specifically, financial management operates on the following areas: 6. Managing ________

Funds

PHYSICAL EVIDENCE includes packaging and design for differentiation, information, and adding value to the service and its corollary products. QUALITY is the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. MARKETING MANAGERS have two responsibilities in quality-centered companies. First, they must participate in formulating strategies and policies designed to help the company win through total quality excellence. Second, they must deliver marketing quality alongside production quality, Each marketing activity that is marketing research, sales training, advertising, and customer service, must be performed to the highest standard. LESSON 5: FINANCIAL MANAGEMENT BASICS FINANCIAL MANAGEMENT in business operation analysis also includes the concept of cost of capital, debt, equity, and retained earnings. FINANCIAL MANAGEMENT involves the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds of the enterprise. FINANCIAL MANAGEMENT covers decision-making in the areas of investment, financial operations, and shareholder dividends. More specifically, financial management has the following elements: ELEMENTS OF FINANCIAL MANAGEMENT 1. INVESTMENT DECISIONS that include investment in fixed assets, also known as capital budgeting, or working capital decisions. 2. The concept of cost of capital, debt, equity, and retained earnings falls under _________ analysis.

business operation

PHYSICAL EVIDENCE includes packaging and design for differentiation, information, and adding value to the service and its corollary products. QUALITY is the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. MARKETING MANAGERS have two responsibilities in quality-centered companies. First, they must participate in formulating strategies and policies designed to help the company win through total quality excellence. Second, they must deliver marketing quality alongside production quality, Each marketing activity that is marketing research, sales training, advertising, and customer service, must be performed to the highest standard. LESSON 5: FINANCIAL MANAGEMENT BASICS FINANCIAL MANAGEMENT in business operation analysis also includes the concept of cost of capital, debt, equity, and retained earnings. FINANCIAL MANAGEMENT involves the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds of the enterprise. FINANCIAL MANAGEMENT covers decision-making in the areas of investment, financial operations, and shareholder dividends. More specifically, financial management has the following elements: ELEMENTS OF FINANCIAL MANAGEMENT 1. INVESTMENT DECISIONS that include investment in fixed assets, also known as capital budgeting, or working capital decisions. 2. In financial management, the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds falls under _________ management.

FINANCIAL

PHYSICAL EVIDENCE includes packaging and design for differentiation, information, and adding value to the service and its corollary products. QUALITY is the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. MARKETING MANAGERS have two responsibilities in quality-centered companies. First, they must participate in formulating strategies and policies designed to help the company win through total quality excellence. Second, they must deliver marketing quality alongside production quality, Each marketing activity that is marketing research, sales training, advertising, and customer service, must be performed to the highest standard. LESSON 5: FINANCIAL MANAGEMENT BASICS FINANCIAL MANAGEMENT in business operation analysis also includes the concept of cost of capital, debt, equity, and retained earnings. FINANCIAL MANAGEMENT involves the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds of the enterprise. FINANCIAL MANAGEMENT covers decision-making in the areas of investment, financial operations, and shareholder dividends. More specifically, financial management has the following elements: ELEMENTS OF FINANCIAL MANAGEMENT 1. INVESTMENT DECISIONS that include investment in fixed assets, also known as capital budgeting, or working capital decisions. 2. The concept of cost of capital, debt, equity, and retained earnings falls under _________ analysis.

analysis

PHYSICAL EVIDENCE includes packaging and design for differentiation, information, and adding value to the service and its corollary products. QUALITY is the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. MARKETING MANAGERS have two responsibilities in quality-centered companies. First, they must participate in formulating strategies and policies designed to help the company win through total quality excellence. Second, they must deliver marketing quality alongside production quality, Each marketing activity that is marketing research, sales training, advertising, and customer service, must be performed to the highest standard. LESSON 5: FINANCIAL MANAGEMENT BASICS FINANCIAL MANAGEMENT in business operation analysis also includes the concept of cost of capital, debt, equity, and retained earnings. FINANCIAL MANAGEMENT involves the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds of the enterprise. FINANCIAL MANAGEMENT covers decision-making in the areas of investment, financial operations, and shareholder dividends. More specifically, financial management has the following elements: ELEMENTS OF FINANCIAL MANAGEMENT 1. INVESTMENT DECISIONS that include investment in fixed assets, also known as capital budgeting, or working capital decisions. 2. The planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds falls under financial ________.

activities

Test your knowledge on financial planning, risks management, proprietorship, and partnership business structures. Learn about estimating capital requirements, competition, advantages, and disadvantages of different business types.

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