Question 1

All of the following are issues that NFP managers must manage,EXCEPT:

Accepted Answer

A)  Liquidity 
B)  Solvency 
C)  Efficiency 
D)  Profitability 
E)  Capacity 
A)  Liquidity 
B)  Solvency 
C)  Efficiency 
D)  Profitability 
E)  Capacity

Question 2

Products/services under development are considered in an organization's solvency analysis.

Accepted Answer

A) True 
 B)False

Question 3

The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the statement of cash flow.

Accepted Answer

A) True 
 B)False

Question 4

Operational transactions represent the flow of money within the organization which is directly related to routine business dealings.

Accepted Answer

A) True 
 B)False

Question 5

statements to determine its anticipated profitability position.

Accepted Answer

A) True 
 B)False

Question 6

Owners' equity = assets - liabilities is equivalent to the accounting equation.

Accepted Answer

A) True 
 B)False

Question 7

Capacity refers to how effective the organization is in deploying its resources and managing its operational processes in the delivery of goods and/or services to the marketplace.

Accepted Answer

A) True 
 B)False

Question 8

One of the fundamental types of business transactions that managers are constantly making decisions about and reviewing is credit transactions.

Accepted Answer

A) True 
 B)False

Question 9

_______ is the process of assessing the impact of the amount of debt which an organization has incurred in order to finance its asset base.

Accepted Answer

A)  Ratio Analysis 
B)  Leverage Analysis 
C)  Trend Analysis 
D)  Absolute Analysis 
E)  Proportional Analysis 
A)  Ratio Analysis 
B)  Leverage Analysis 
C)  Trend Analysis 
D)  Absolute Analysis 
E)  Proportional Analysis

Question 10

That it sets specific strategic objectives for the various divisions and departments within the organization is a reason for the importance of forecasting and budgeting.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following equations is equivalent to the accounting equation?

Accepted Answer

A)  Equity = liabilities - assets 
B)  Owners' equity = assets - liabilities 
C)  Revenues - expenses = net income 
D)  Net income = expenses - revenues + taxes 
E)  Profit = sales - revenues 
A)  Equity = liabilities - assets 
B)  Owners' equity = assets - liabilities 
C)  Revenues - expenses = net income 
D)  Net income = expenses - revenues + taxes 
E)  Profit = sales - revenues

Question 12

That it requires managers to make decisions related to resource allocation,when measured against specific outcomes is a reason for the importance of forecasting and budgeting.

Accepted Answer

A) True 
 B)False

Question 13

Compare the positives and negatives of considering short-term financial results.

Accepted Answer

Positive short-term results are importan

Question 14

With respect to Financial Statements,managers generate the clearest picture of what is happening within an organization by reviewing the Income Statement.

Accepted Answer

A) True 
 B)False

Question 15

Ratio Analysis is the process by which we assess and interpret the relationships between the financial results shown on an organization's financial statements.

Accepted Answer

A) True 
 B)False

Question 16

Trend Analysis is the process by which we assess and interpret the relationships between the financial results shown on an organization's financial statements.

Accepted Answer

A) True 
 B)False

Question 17

Solvency refers to how effective the organization is in deploying its resources and managing its operational processes in the delivery of goods and/or services to the marketplace.

Accepted Answer

A) True 
 B)False

Question 18

What does a solvency analysis focus on?

Accepted Answer

Solvency refers to a longer-term assessm

Question 19

Equity = liabilities - assets is equivalent to the accounting equation?

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is NOT tracked by managers' analysis of financial statements?

Accepted Answer

A)  success of the organization's sales and marketing initiatives 
B)  success of the organization's human resources initiatives 
C)  the ability of the organization to control its costs and maintain its operating margin 
D)  the ability of the organization to control its costs and maintain its profitability margin 
E)  delivering its products and/or services to its target market. 
A)  success of the organization's sales and marketing initiatives 
B)  success of the organization's human resources initiatives 
C)  the ability of the organization to control its costs and maintain its operating margin 
D)  the ability of the organization to control its costs and maintain its profitability margin 
E)  delivering its products and/or services to its target market.

All of the following are issues that NFP managers must manage,EXCEPT:

Products/services under development are considered in an organization's solvency analysis.

The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the statement of cash flow.

Operational transactions represent the flow of money within the organization which is directly related to routine business dealings.

statements to determine its anticipated profitability position.

Owners' equity = assets - liabilities is equivalent to the accounting equation.

Capacity refers to how effective the organization is in deploying its resources and managing its operational processes in the delivery of goods and/or services to the marketplace.

One of the fundamental types of business transactions that managers are constantly making decisions about and reviewing is credit transactions.

_______ is the process of assessing the impact of the amount of debt which an organization has incurred in order to finance its asset base.

That it sets specific strategic objectives for the various divisions and departments within the organization is a reason for the importance of forecasting and budgeting.

Which of the following equations is equivalent to the accounting equation?

That it requires managers to make decisions related to resource allocation,when measured against specific outcomes is a reason for the importance of forecasting and budgeting.

Compare the positives and negatives of considering short-term financial results.

With respect to Financial Statements,managers generate the clearest picture of what is happening within an organization by reviewing the Income Statement.

Ratio Analysis is the process by which we assess and interpret the relationships between the financial results shown on an organization's financial statements.

Trend Analysis is the process by which we assess and interpret the relationships between the financial results shown on an organization's financial statements.

Solvency refers to how effective the organization is in deploying its resources and managing its operational processes in the delivery of goods and/or services to the marketplace.

What does a solvency analysis focus on?

Equity = liabilities - assets is equivalent to the accounting equation?

Which of the following is NOT tracked by managers' analysis of financial statements?

What Is Business

The Canadian Economic Environment

The Global Marketplace

The Environment and Sustainable Business Practices

Ethics and Corporate Social Responsibility

Developing a Business Strategy

Entrepreneurship and Forms of Business Ownership

Developing Your Business Structure and Culture

Managing and Leading the Organizations Talent

The Marketing Challenge

Understanding the Marketing Effort

Technology and Operations Management

Understanding Business Finances

Analyzing New Business Ventures

Filters

Exam 14: Financial Statements Structure and Interpretation

All of the following are issues that NFP managers must manage,EXCEPT:

Products/services under development are considered in an organization's solvency analysis.

The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the statement of cash flow.

Operational transactions represent the flow of money within the organization which is directly related to routine business dealings.

statements to determine its anticipated profitability position.

Owners' equity = assets - liabilities is equivalent to the accounting equation.

Capacity refers to how effective the organization is in deploying its resources and managing its operational processes in the delivery of goods and/or services to the marketplace.

One of the fundamental types of business transactions that managers are constantly making decisions about and reviewing is credit transactions.

_______ is the process of assessing the impact of the amount of debt which an organization has incurred in order to finance its asset base.

That it sets specific strategic objectives for the various divisions and departments within the organization is a reason for the importance of forecasting and budgeting.

Which of the following equations is equivalent to the accounting equation?

That it requires managers to make decisions related to resource allocation,when measured against specific outcomes is a reason for the importance of forecasting and budgeting.

Compare the positives and negatives of considering short-term financial results.

With respect to Financial Statements,managers generate the clearest picture of what is happening within an organization by reviewing the Income Statement.

Ratio Analysis is the process by which we assess and interpret the relationships between the financial results shown on an organization's financial statements.

Trend Analysis is the process by which we assess and interpret the relationships between the financial results shown on an organization's financial statements.

Solvency refers to how effective the organization is in deploying its resources and managing its operational processes in the delivery of goods and/or services to the marketplace.

What does a solvency analysis focus on?

Equity = liabilities - assets is equivalent to the accounting equation?

Which of the following is NOT tracked by managers' analysis of financial statements?

What Is Business

The Canadian Economic Environment

The Global Marketplace

The Environment and Sustainable Business Practices

Ethics and Corporate Social Responsibility

Developing a Business Strategy

Entrepreneurship and Forms of Business Ownership

Developing Your Business Structure and Culture

Managing and Leading the Organizations Talent

The Marketing Challenge

Understanding the Marketing Effort

Technology and Operations Management

Understanding Business Finances

Analyzing New Business Ventures

Filters