Term
| Strategic role of financial management |
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Definition
| To ensure that a new business continues to operate, grows and provides substantial profits. |
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Term
| Objectives of financial management |
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Definition
| Liquidity, Profitability, Efficiency, Growth and Return on Capital. |
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Term
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Definition
| Indicates how much ready cash (including current assets) is available in a business. |
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Term
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Definition
| The ability to generate profit after all expenses have been paid for. |
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Term
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Definition
| The ratio of the output to the input in a business. Good efficiency is achieved when minimal input makes maximum output. |
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Term
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Definition
| Is when a business increases it's revenues. |
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Term
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Definition
| Goal, Strategy, Monitoring, Control |
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Term
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Definition
| The state of affairs that a plan is intended to achieve and that (when achieved) terminates behavior intended to achieve it. |
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Term
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Definition
| A strategy is a plan of action designed to achieve a particular goal... which is, in most businesses cases, to increase revenue. |
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Term
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Definition
| Monitoring is the act of observing and reporting the strategy while it is in effect. |
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Term
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Definition
| Control is where the business manager evaluates the goal and strategies to determine whether or not they were effective. |
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Term
| Major participants in the financial markets include....? |
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Definition
| Banks, Financial and Insurance Companies, Superannuation Funds, Government (Reserve Bank of Australia) |
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