APSC 221 Chapter 15 Question and answers verified to pass 2024/2025
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Course
APSC 221
Institution
APSC 221
APSC 221 Chapter 15 Question and answers verified to pass 2024/2025 APSC 221 Chapter 15: Assessing a New Venture's Financial Strength and Viability
Financial management deals with which two areas? - correct answer raising money and managing a company's finances in a way that achieves the high...
APSC 221 Chapter 15: Assessing a New
Venture's Financial Strength and
Viability
Financial management deals with which two areas? - correct answer
✔raising money and managing a company's finances in a way that achieves
the highest rate of return
The four main financial objectives of businesses are - correct answer
✔profitability, liquidity, efficiency and stability
Profitability - correct answer ✔the ability to earn a profit
Liquidity - correct answer ✔companys ability to meet short term financial
obligations
efficiency - correct answer ✔how productively a firm utilizes its assets
relative to its revenue and its profits
stability - correct answer ✔the strength and vigour of the firms overall
financial posture
Being stable means - correct answer ✔earning a profit and remaining liquid
but keeping debt in check
Budgets: - correct answer ✔itemized forecasts of a company's income,
expenses, and capital needs and are also an important tool for financial
planning and control
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