2.3.3 - Finance Department
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Practice Questions
Test your understanding with targeted questions
What is one primary function of the Finance Department?
💡 Hint: Think about money management.
What do we call the ability to pay short-term debts?
💡 Hint: It starts with an 'L'.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary responsibility of the Finance Department?
💡 Hint: Focus on what department deals with money.
True or False: Profitability and liquidity are the same.
💡 Hint: What does each term refer to specifically?
1 more question available
Challenge Problems
Push your limits with advanced challenges
A company has a monthly budget of $50,000. If the costs exceed this by 20% in one month, what financial issues might arise and how can the Finance Department address it?
💡 Hint: Think about how overspending impacts finances.
A business is consistently liquid but has not made a profit for three years. Analyze potential challenges this may pose.
💡 Hint: Consider long-term sustainability vs. short-term cash flow.
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