A2 - Business Studies - Understanding Financial Objectives

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  • Created by: jkav
  • Created on: 04-11-15 11:37
Cash-flow targets
A financial objective focused on maintaining a healthy cash balance.
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Cost minimisation
The process by which businesses attempt to maximise profits by keeping costs low
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ROCE targets
The minimum percentage return a business strives to achieve from the capital employed in business activities.
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Shareholders returns
The financial rewards to a shareholder in return for their investment; this can include dividends paid and increased share value
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Satisficing
Aiming to achieve a satisfactory level of profit
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Executive director
A member of the board who also holds a position of responsibility in the business on a day-to-day basis for example marketing director, finance director.
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Non-executive director
A member of the board of directors who does not work for the day-to-day basis but sits on the board in an advisory or consultative role.
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Other cards in this set

Card 2

Front

The process by which businesses attempt to maximise profits by keeping costs low

Back

Cost minimisation

Card 3

Front

The minimum percentage return a business strives to achieve from the capital employed in business activities.

Back

Preview of the back of card 3

Card 4

Front

The financial rewards to a shareholder in return for their investment; this can include dividends paid and increased share value

Back

Preview of the back of card 4

Card 5

Front

Aiming to achieve a satisfactory level of profit

Back

Preview of the back of card 5
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