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Operational Finance Quiz
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Please complete the quiz, and press the submit button at the bottom to see how you did.
The profit of the business goes where?
To the government
To the shareholders
Back into the business
All of the above
Net margin is calculated by:
Net profit divided by sales times 100
Sales divided by total assets
Net assets divided by total sales times 100
Net profit divided by total assets times 100
Customer service has no link to the ethics of the business
True
False
Current assets are
The assets that the business intends to keep
What the business owns
What the business owes
The assets that the business intends to sell
Current assets consist of ...
Stock, debtors, cash
Stock, debtors and creditors
Stock, creditors and cash
Creditors and short-term loans
Return on assets tells us:
How many rands of sales the company makes from each rand of assets
How many cents of profit the company makes from each rand of assets
How many rands of assets the company makes from each rand of sales
How many cents of profit the company makes from each rand of sales
Which of the following is NOT true of waste
Waste decreases return on assets
Waste increases asset turnover
Waste decreases the profitability of the business
Waste affects net profit
The aim of business is to...
Minimise profit while maximising assets
Maximise profit while minimising assets
Maximise employment
Generate money for the government
The accounting report that summarsises a business's sales, costs and profits is called:
The Cash Flow Statement
The Balance Sheet
The Income Statement
The Trading Account
Costs consist of:
Stock, labour and overheads
Overheads, materials and creditors
Labour, overheads and debtors
Labour, materials and overheads
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