Fill the gap with the appropriate word
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| Which phase of a business cycle is this sentence about? In this phase, the growth rate of an economy becomes negative. In addition, in this phase, there is a rapid decline in national income and expenditure.
{ = trough ~ Expansion ~ Contraction ~ Peak } Fill the gap with the appropriate word. ______________ is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services. { = Inflation ~ store of value ~ purchase ~ consumer price index } Fill the gap with the appropriate word. ______________ is a sustained decrease in the general price level of goods and services. { = Deflation ~ store of value ~ inflation ~ consumer price index } Fill the gap with the appropriate word. ______________ involves planning, organizing, directing and controlling different financial activities such as procurement and use of funds in an organization. { = The financial management process ~ store of value ~ business Process ~ business plan } Fill the gap with the appropriate word. A good financial management process must adhere to ___________________ so as to effectively manage the financial resources of an organization. { = general management principles ~ Store of value ~ Business Process ~ Business plan } How many important elements must every organization adhere to when it comes to the financial management process. { = 3 ~ 4 ~ 5 ~ 6 } Which of them important elements that every organization must adhere to when it comes to the financial management process? { = Financial Reporting ~ financial Planning ~ financial Control System ~ financial Decision Making } Download 45.91 Kb. Share with your friends:
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