BNE | FE | Financial Literacy Quiz

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First name*	Last name*

Company / Organisation*

Email*

Select your nearest BDO office*

1. If I wanted to immediately improve my cash flow, I would? *

Start a campaign to increase my sales

Get on the phone and start collecting my debtors

Increase my prices

Decrease my expenses

All of the above

2. Businesses generally fail because they?*

Don’t monitor financial position

Don’t set out a business plan

Don’t understand relationship between profit/cashflow

Don’t manage growth properly

All of the above

3. Your net worth or equity is?*

Your income less expenses

What you owe less what you own

Your assets less liabilities

Your profit less tax

4. Working capital is?*

The money you need to fund your business

The profit you make at the end of the year

The money you take out of your business

All of the above

5. Which of the following would you find on a Profit & Loss Statement? *

Fixed assets

Accounts payable

Depreciation

Repayment of debt

6. Which of the following is most important in the daily operation of a business? *

Assets

Profit

Sales

Cash

All of the above

7. When people talk about the bottom line, they are referring to? *

Net profit

Gross profit

Gross margin

Shareholder equity

8. Which of the following does not affect your cash position when running a business? *

Lease expense

Depreciation expense

Advertising expense

Interest expense

9. Which of the following does not affect your business value? *

Your net profit

Your business risk profile

Your cash drawings

Your fixed assets

10. Which of the following does not influence your business profit? *

The price you charge for goods/services

Your daily banking

Your sales activity

Your business overheads

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