5 Questions
What are the three key areas that need to be monitored in order to control profitability and cashflow?
sales, costs, working capital
What is a 'driver' in the context of business performance?
something that has a major impact on the performance of the business
What is the purpose of using management accounts?
to monitor profitability and cashflow
What are some indicators used to boost profitability and cashflow?
key performance indicators
What are the three vital areas that need to be monitored according to the briefing?
sales, costs, working capital
Test your knowledge about key performance indicators and their importance in monitoring and controlling profitability and cashflow in business. This quiz will help you understand the role of management accounts and how they can aid in effective decision-making.
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