§-Quick questions
NSWBusiness StudiesTopic 3: Finance
Quick questions on The role of financial management (HSC Business Studies Topic 3)
6short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What are the six financial objectives?Show answer
The syllabus names six objectives.
What are the relationships between objectives?Show answer
The objectives can pull in different directions.
What are finance and operations?Show answer
Operations is the biggest user of capital in most businesses. Finance funds new equipment, DC builds and inventory; operations generates the COGS that drives the gross profit line.
What is finance and marketing?Show answer
Finance sets and tracks the marketing budget. Marketing campaigns must demonstrate ROI to keep getting funded.
What is finance and HRM?Show answer
Wages are typically the second-largest cost (after COGS) and are budgeted and reported by finance. Enterprise agreements that change wages have direct finance consequences.
What are generic interdependence answers?Show answer
Use a named investment or budget link - "finance funded the Coles automated DC" not "finance funds operations".
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