Role of the finance function (OCR GCSE Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What does the finance function primarily manage in a business?
What does the finance function primarily manage in a business?
The company's financial resources
Which of these is a task covered by the finance function?
Which of these is a task covered by the finance function?
Budgeting and forecasting
How is profit or loss calculated?
How is profit or loss calculated?
Subtracting production costs from sales revenue
What does forecasting cash flow help determine?
What does forecasting cash flow help determine?
If the business needs additional finance
Which type of additional finance is mentioned for cash flow needs?
Which type of additional finance is mentioned for cash flow needs?
An overdraft
What types of payments does the finance function manage?
What types of payments does the finance function manage?
Wages and bills
Which methods can be used to arrange finance for a business?
Which methods can be used to arrange finance for a business?
Obtaining loans or issuing shares
What is the purpose of calculating break-even output?
What is the purpose of calculating break-even output?
To cover all costs and avoid losses
What does the average rate of return measure?
What does the average rate of return measure?
Profitability of investments or projects
What does effective finance function management help businesses achieve?
What does effective finance function management help businesses achieve?
Informed decisions and control costs