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
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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
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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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