LEARNING OUTCOME THREE: Be Able To Make Financial Decisions Based On Financial Information10/31/2016 LESSON OBJECTIVE
Assessment Criteria 3.2 Explain the calculation of unit costs and make pricing decisions using relevant information Below are questions pertaining to lesson 9. Please ensure to answer each question correctly. 1. Define Fixed Costs. 2. What is Senstivity Analysis? 3. True and False: Correct pricing of organisation's products or services is important for its profitability and survival. 4. A company has cost has follows:-Variable Costs:- $50,000 Fixed Costs: $30,000 Units Produced : 10,000 From the information above calculate the unit cost?
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LEARNING OUTCOME THREE: Be Able To Make Financial Decisions Based On Financial Information10/28/2016 LESSON OBJECTIVE
Assessment Criteria AC 3.1 Analyse budgets and make appropriate decisions Below are questions pertaining to lesson 8. Please ensure to answer each question correctly. 1. What is a budget? 2. True or False: Most organizations develop and make use of three different types of budgets. 3. Name the three types of operating budgets? 4. List two advantages of a cash budget. LEARNING OUTCOME TWO: Understand The Implications Of Finance As A Resource Within A Business10/18/2016 LESSON OBJECTIVE
Assessment Criteria AC 2.4 Explain the impact of finance on the financial statements Below are questions pertaining to lesson 7. Please ensure to answer each question correctly. 1. List the three main types of financial statements. 2. State the formula for working capital? 3. Define non-current assets. 4. True or False : Bank overdraft is an example of long-term liability. LEARNING OUTCOME TWO: Understand The Implications Of Finance As A Resource Within A Business10/18/2016 LESSON OBJECTIVE
Assessment Criteria AC 2.3 Assess the information needs of different decision makers Below are questions pertaining to lesson 6. Please ensure to answer each question correctly. 1. True or False: Stakeholders are persons who invest in the company only. 2. Users of financial statements are divided into how many groups? 3. List three external persons who are interested in the financial statements of a company. 4. True or False: Employees are not interested in the financial statements of a company. LEARNING OUTCOME TWO: Understand The Implications Of Finance As A Resource Within A Business10/18/2016 LESSON OBJECTIVE
Assessment Criteria AC 2.2 Explain the importance of financial planning Below are questions pertaining to lesson 5. Please ensure to answer each question correctly. 1. What is the purpose of financial planning? 2. True or False: Cash budget is one area of financial planning. 3. List three implications for a company, that can arise resulting from poor financial planning. 4. True or False: Management must have full awareness of the profitability versus liquidity trade off LEARNING OUTCOME TWO: Understand The Implications Of Finance As A Resource Within A Business10/18/2016 LESSON OBJECTIVE
Assessment Criteria AC 2.1 Analyse the costs of different sources of finance Below are questions pertaining to lesson 4. Please ensure to answer each question. 1. Define tangible cost. 2. What is an opportunity cost? 3. True or False: Income tax is a key source of funds that the government uses to fund its activities and serve the public. 4. What is the primary meaning of cost of capital? |
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