5.0 finance

Question 1

How does the finance function support planning

Answer 1

Helps business meet there objective

Question 2

How does the finance function support Decision Making

Answer 2

It gives the business plenty of data plans

Question 3

How does the finance function support A Different Department - select either marketing or human resources

Answer 3

Finance department will let marketing know how big their budget is to spend on advertising.

Question 4

A business has decided that it needs to change the way it behaves in order to be an ethical business. It has decided to raise the wages of its workers and increase the measures it takes to ensure its workplace is healthy and safe. How might it impact the following decisions?
- cost

Answer 4

They are paying the workers more money so they are losing more money for the actual buisness. ✅

Question 5

A business has decided that it needs to change the way it behaves in order to be an ethical business. It has decided to raise the wages of its workers and increase the measures it takes to ensure its workplace is healthy and safe. How might it impact the following decisions?
- profit

Answer 5

The worker might tell more people which would help with the buisness so they can make more stuff which will earn more money.✅