HSC Business Studies - Strategic Role of Finance

Question 1

Identify the goal: Apple made a net profit of $US11.02 billion in Q1, 2017.

Accepted Answer

Profitability

Question 2

Which goal is about a business meeting its financial commitments in the longer term.?

Accepted Answer

Solvency

Question 3

Financial resources are those resources of a business that have a ___________ or money value.

Accepted Answer

Monetary

Question 4

Identify the goal: ACF have reduced expenses in 2016 through lower input prices

Accepted Answer

Efficiency

Question 5

Identify the goal: Aldi aims to open 1000 new stores in the UK.

Accepted Answer

Growth

Question 6

Financial management is the _________ and organisation of financial resources to achieve goals.

Accepted Answer

planning

Question 7

Identify the goal: Dick Smith could no longer repay its major long term loans owed to banks

Accepted Answer

Solvency

Question 8

Which goal is about a business using resources effectively and minimising expenses?

Accepted Answer

Efficiency

Question 9

Which formula would enable a business to determine its goal of profitability?

Accepted Answer

Revenue - Expenses

Question 10

Identify the goal: HC Group does not have enough cash to pay monthly accounts payable bills.

Accepted Answer

Liquidity

Question 11

Which goal is about a business meeting its financial commitments in the short term?

Accepted Answer

Liquidity

Question 12

Which goal is about the ability of the business to increase its size in the longer term?

Accepted Answer

Growth

Questions 12