Business Admin Level 3: Business
Fundamentals Questions and
Answers.
Terminologies: Liabilities - Answer Financial Expense or Amount Owed
Terminologies: Expense - Answer The cost incurred or required for something
Terminologies: Cash Flow - Answer The amount of cash flowing in/out of a business
Terminologies: Assets - Answer Things owned by the business. Examples are cash, property,
vehicles and equipment
Terminologies: Gross Profit - Answer The difference in money between the sale and the cost
of the sale. AKA Net Sales
Terminologies: Depreciation - Answer A reduction in the value of an asset over time
Terminologies: Dividend - Answer A payout to the shareholders from the company profits
Business Fundamnetals: Further Terms - Answer Balance Sheets
Breakeven
Budgets
Cash Flow
Creditors
Debtors
Expenditures
Revenue
Payroll
Managing Change - Answer When managing change it's important changes are thoroughly
and smoothly communicated. The focus of the communication should highlight the reasons and
impacts of the change, for both the individual and the business.
Change Management Understanding - Answer Acknowledge and understand the need for
change
Fundamentals Questions and
Answers.
Terminologies: Liabilities - Answer Financial Expense or Amount Owed
Terminologies: Expense - Answer The cost incurred or required for something
Terminologies: Cash Flow - Answer The amount of cash flowing in/out of a business
Terminologies: Assets - Answer Things owned by the business. Examples are cash, property,
vehicles and equipment
Terminologies: Gross Profit - Answer The difference in money between the sale and the cost
of the sale. AKA Net Sales
Terminologies: Depreciation - Answer A reduction in the value of an asset over time
Terminologies: Dividend - Answer A payout to the shareholders from the company profits
Business Fundamnetals: Further Terms - Answer Balance Sheets
Breakeven
Budgets
Cash Flow
Creditors
Debtors
Expenditures
Revenue
Payroll
Managing Change - Answer When managing change it's important changes are thoroughly
and smoothly communicated. The focus of the communication should highlight the reasons and
impacts of the change, for both the individual and the business.
Change Management Understanding - Answer Acknowledge and understand the need for
change
