Answers
| 0.1 | Finance is: | |
| (a) | not important in a business | |
| (b) | the domain of the finance team only | |
| (c) | crucial to managing a business effectively | |
| (d) | the only thing that managers should consider when running a business | |
| Back to question | ||
| 0.2 | Accounting is about: | |
| (a) | making sure that the business is profitable | |
| (b) | providing financial information to assist with running the business | |
| (c) | keeping the finance department busy | |
| (d) | telling sales people what they cannot do | |
| Back to question | ||
Answers – Chapter 1
| 1.1 | A sole trader is someone who: | |
| (a) | works for themselves | |
| (b) | buys and sells fish – specialising in Dover Sole | |
| (c) | is the sole owner of a company | |
| (d) | trades goods but not services ... | |
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