Planning and Implementing (HSC SSCE Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many stages are in the continuous financial planning and implementing cycle?
How many stages are in the continuous financial planning and implementing cycle?
Five stages
Which factor affects a business's financial needs?
Which factor affects a business's financial needs?
Phase of business cycle
What do lenders focus on when reviewing a business plan?
What do lenders focus on when reviewing a business plan?
Security & repayment capacity
What is the purpose of a budget?
What is the purpose of a budget?
To estimate future revenue & expenses
Which budget type relates to capital expenditure and R&D activities?
Which budget type relates to capital expenditure and R&D activities?
Project budgets
How long must businesses maintain financial records for tax purposes?
How long must businesses maintain financial records for tax purposes?
Five years
What characteristic must effective record systems have?
What characteristic must effective record systems have?
Simple, reliable, accurate, accessible
Which is NOT one of the four main financial risks?
Which is NOT one of the four main financial risks?
Marketing risk
What does liquidity risk concern?
What does liquidity risk concern?
Cash flow & meeting obligations
Why is separation of duties important in financial controls?
Why is separation of duties important in financial controls?
Prevents fraud by splitting processes