Question 1

An income statement shows the company's status at a particular point in time.

Accepted Answer

A) True 
 B)False

Question 2

statements to determine its anticipated profitability position.

Accepted Answer

A) True 
 B)False

Question 3

Financial statements provide vital information,to managers,regarding an organization's current _______ position.

Accepted Answer

A)  liquidity and solvency 
B)  assets and affluence 
C)  liquidity and wealth 
D)  assets and solvency 
E)  cash flow and solvency 
A)  liquidity and solvency 
B)  assets and affluence 
C)  liquidity and wealth 
D)  assets and solvency 
E)  cash flow and solvency

Question 4

Although Capital Asset Transaction do not directly related to the current year's profit of the organization,they do impact on the credit of the organization over the period of time.

Accepted Answer

A) True 
 B)False

Question 5

The financial statement that represents an accumulation of all of a company's transactions since it began is the annual report.

Accepted Answer

A) True 
 B)False

Question 6

Future revenues are considered in an organization's solvency analysis.

Accepted Answer

A) True 
 B)False

Question 7

Although Capital Asset Transaction do not directly related to the current year's profit of the organization,they do impact on the cash flow of the organization over the period of time.

Accepted Answer

A) True 
 B)False

Question 8

The role of the senior management team is to determine an organization's overall direction and then direct and manage the execution of the tactics and strategic thrusts.

Accepted Answer

A) True 
 B)False

Question 9

A management team tracks the effectiveness of its decisions and product/service offerings with respect to growth,profitability,and asset productivity by __________.

Accepted Answer

A)  watching its stock price. 
B)  analyzing its bank accounts. 
C)  analyzing its financial ratios. 
D)  analyzing its commercial invoices. 
E)  analyzing its financial statements. 
A)  watching its stock price. 
B)  analyzing its bank accounts. 
C)  analyzing its financial ratios. 
D)  analyzing its commercial invoices. 
E)  analyzing its financial statements.

Question 10

Ratio Analysis is where we look at the specific dollar amount of financial resources available.

Accepted Answer

A) True 
 B)False

Question 11

Proportional Analysis,whereby we look at trends occurring over time by analyzing financial statements across multiple time periods.

Accepted Answer

A) True 
 B)False

Question 12

Financial ________ is a general term which relates to an organization's cash reserves and borrowing power

Accepted Answer

A)  Solvency 
B)  Liquidity 
C)  Current assets 
D)  Capacity 
E)  Efficiency 
A)  Solvency 
B)  Liquidity 
C)  Current assets 
D)  Capacity 
E)  Efficiency

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Credit transactions are decisions which managers make with respect to investment and divestment of capital assets (buildings, equipment, business subsidiaries) which may be needed, or are no longer needed.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Solvency is an issue that Not-for-profit (NFP) managers must manage.

Accepted Answer

A) True 
 B)False

Question 17

_______ refers to a longer-term assessment of the financial stability of the organization.

Accepted Answer

A)  Solvency 
B)  Liquidity 
C)  Current assets 
D)  Capacity 
E)  Efficiency 
A)  Solvency 
B)  Liquidity 
C)  Current assets 
D)  Capacity 
E)  Efficiency

Question 18

Name and briefly describe the four specific areas of financial analysis.

Accepted Answer

In conducting an analysis of an organiza

Question 19

Financial Liquidity is a general term which relates to an organization's cash reserves and borrowing power

Accepted Answer

A) True 
 B)False

Question 20

Efficiency is an issue that Not-for-profit (NFP) managers must manage

Accepted Answer

A) True 
 B)False

An income statement shows the company's status at a particular point in time.

statements to determine its anticipated profitability position.

Financial statements provide vital information,to managers,regarding an organization's current _______ position.

Although Capital Asset Transaction do not directly related to the current year's profit of the organization,they do impact on the credit of the organization over the period of time.

The financial statement that represents an accumulation of all of a company's transactions since it began is the annual report.

Future revenues are considered in an organization's solvency analysis.

Although Capital Asset Transaction do not directly related to the current year's profit of the organization,they do impact on the cash flow of the organization over the period of time.

The role of the senior management team is to determine an organization's overall direction and then direct and manage the execution of the tactics and strategic thrusts.

A management team tracks the effectiveness of its decisions and product/service offerings with respect to growth,profitability,and asset productivity by __________.

Ratio Analysis is where we look at the specific dollar amount of financial resources available.

Proportional Analysis,whereby we look at trends occurring over time by analyzing financial statements across multiple time periods.

Financial ________ is a general term which relates to an organization's cash reserves and borrowing power

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

Credit transactions are decisions which managers make with respect to investment and divestment of capital assets (buildings, equipment, business subsidiaries) which may be needed, or are no longer needed.

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

Solvency is an issue that Not-for-profit (NFP) managers must manage.

_______ refers to a longer-term assessment of the financial stability of the organization.

Name and briefly describe the four specific areas of financial analysis.

Financial Liquidity is a general term which relates to an organization's cash reserves and borrowing power

Efficiency is an issue that Not-for-profit (NFP) managers must manage

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

An income statement shows the company's status at a particular point in time.

statements to determine its anticipated profitability position.

Financial statements provide vital information,to managers,regarding an organization's current _______ position.

Although Capital Asset Transaction do not directly related to the current year's profit of the organization,they do impact on the credit of the organization over the period of time.

The financial statement that represents an accumulation of all of a company's transactions since it began is the annual report.

Future revenues are considered in an organization's solvency analysis.

Although Capital Asset Transaction do not directly related to the current year's profit of the organization,they do impact on the cash flow of the organization over the period of time.

The role of the senior management team is to determine an organization's overall direction and then direct and manage the execution of the tactics and strategic thrusts.

A management team tracks the effectiveness of its decisions and product/service offerings with respect to growth,profitability,and asset productivity by __________.

Ratio Analysis is where we look at the specific dollar amount of financial resources available.

Proportional Analysis,whereby we look at trends occurring over time by analyzing financial statements across multiple time periods.

Financial ________ is a general term which relates to an organization's cash reserves and borrowing power

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

Credit transactions are decisions which managers make with respect to investment and divestment of capital assets (buildings, equipment, business subsidiaries) which may be needed, or are no longer needed.

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

Solvency is an issue that Not-for-profit (NFP) managers must manage.

_______ refers to a longer-term assessment of the financial stability of the organization.

Name and briefly describe the four specific areas of financial analysis.

Financial Liquidity is a general term which relates to an organization's cash reserves and borrowing power

Efficiency is an issue that Not-for-profit (NFP) managers must manage

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