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Questions and Answers
What is the primary role of cash in a company, based on the text?
What is the primary role of cash in a company, based on the text?
- To increase production efficiency
- To ensure strategic planning
- To finance the company's activities (correct)
- To manage human resources effectively
What does 'Cash is king' imply?
What does 'Cash is king' imply?
- Cash has a negligible role in business operations
- Cash should be used for long-term investments
- Cash should be stored in a secure vault
- Cash is the most valuable asset in the company (correct)
Who is ultimately responsible for managing cash within a company?
Who is ultimately responsible for managing cash within a company?
- Managers
- Accountant
- Credit controller
- Finance director (correct)
In the context of cash management, what is the main consequence of poor credit control?
In the context of cash management, what is the main consequence of poor credit control?
How can a business prevent a cash shortage, as suggested in the text?
How can a business prevent a cash shortage, as suggested in the text?
What does a positive cash flow indicate about a business, based on the text?
What does a positive cash flow indicate about a business, based on the text?
What is the main focus when trying to improve net cash flow?
What is the main focus when trying to improve net cash flow?
How does cash flow relate to the product life cycle according to the text?
How does cash flow relate to the product life cycle according to the text?
Why is cash flow forecasting considered important for businesses?
Why is cash flow forecasting considered important for businesses?
What is working capital mainly used for in a business?
What is working capital mainly used for in a business?
Which of the following is NOT a factor that influences the accuracy of cash flow forecasting?
Which of the following is NOT a factor that influences the accuracy of cash flow forecasting?
In the context of the text, what best describes profit?
In the context of the text, what best describes profit?
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