3.1 Introduction to finance

Question 1

Finance

Answer 1

function that manages a company’s financial resources, oversees budgeting and reporting, and ensures financial stability to support business goals

Question 2

Capital expenditure

Answer 2

money spent to acquire fixed assets that will last for more than a year

Question 3

Revenue expenditure

Answer 3

money used in the day-to-day running of a business, used for instant benefits