Question 1
4 marksAnswer all parts. For each part, choose one answer.
(a)
Priya is a finance officer for a chain of garden centres.
Which task is most likely to be part of Priya's job role?
- A Checking that a delivery of compost matches the order placed
- B Designing a leaflet to advertise spring plants
- C Interviewing applicants for a till assistant post
- D Preparing the budget for the new café at the Ashwell garden centre
Your answer [1]
(b)
Which of the following best describes a purpose of the finance function?
- A To carry out market research into customer needs
- B To design and test new products
- C To provide financial information that supports business planning and decision making
- D To recruit and select suitable employees
Your answer [1]
(c)
The owner of a courier business is deciding whether the business can afford to buy a second delivery van.
Which information is the finance function most likely to provide to help with this decision?
- A A job description for a second delivery driver
- B A list of the prices charged by rival courier firms
- C The results of a customer satisfaction survey
- D The running costs of the existing van and a forecast of future profits
Your answer [1]
(d)
Which of the following is least likely to be carried out by the finance function of a business?
- A Forecasting the cost of building a new warehouse
- B Monitoring departmental spending against budgets
- C Producing a social media plan to launch a new product
- D Recording the revenue earned by each branch
Your answer [1]