2024 – Question 1 of 20 Financial management deals with two things managing a company s finances and A operations management B supply chain
Quiz – 2024
Financial management deals with two things—managing a company’s finances and:
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__________ are an estimate of a firm’s future income and expenses, based on its past performance, its current circumstances, and its future plans.
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A company’s ability to productively utilize its assets relative to its revenue and its profits is referred to as:
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Amanda Still owns a seafood restaurant in Clearwater, Florida. She is currently owed $19,000 by a corporation that she catered a meeting for and $2,000 on an overdue account. Amanda has $21,000 in:
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A financial statement is a(n):
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In the context of a firm’s statement of cash flows, __________ include cash raised during the period by borrowing money or selling stock and/or cash used during the period by paying dividends, buying back outstanding stock, or buying back outstanding bonds.
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The statement of cash flows is divided into three separate activities:
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Real estate, buildings, equipment and furniture are classified as __________ on a company’s balance sheet.
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A firm’s profit margin, or return on sales, is computed by dividing:
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A firm’s __________ reflects the results of its operations over a specified period and shows whether it is making a profit or is experiencing a loss.
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A __________ is the group of founders, key employees, and advisers that move a new venture from an idea to a fully functioning firm.
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The members of heterogeneous teams are:
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A(n) __________ is a chart that depicts the most important skills that are needed in a new venture and where skills gaps exist.
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A board of directors is typically made up of both:
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A board of directors has three formal responsibilities:
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According to the textbook, although a board of directors has formal governance responsibilities, its most useful role is to:
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Which of the following is incorrect regarding the typical role of consultants in business startups?
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Amy Phillips founded a cosmetics firm several years ago. Her firm has grown rapidly and is financially successful. One thing that Amy attributes her success to is that early on she assembled a panel of experts who provided her ongoing direction and advice about her business. What Amy created is called a(n):
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In the context of boards of directors, a(n) __________ is someone who is not employed by the firm.
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The high failure rate among new ventures is due in part to the liability of newness, which refers to the fact that new companies often falter because:
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