1.What financial measurements should be prepared to measure company performance?

• The balance sheet
• The income statement
• The cash flows statements

2.What are the categories and steps in preparing a financial budget?

• Prepare Financial Projections: Measuring sales volume,Measuring profits and Measuring cash generated.
• Preparing An Annual Budget: Sales, Cost of goods sold, Gross profit, Operating expenses, Operating profit/loss, Other income and expenses, Pretax income, Income taxes, Net income, EBIT and EBITDA.
• Preparing A Cash Flow Forecast: Consider cash flow revenues, Consider cash flow disbursements and Reconcile the revenues and disbursements.

4.Describe the breakeven technique in the decision-making model to determinate profit and loss.

Break-even analysis is a business technique used to evaluate business performance in terms of costs, since this is a supply-side analysis. Break-even analysis is an important aspect of a good business plan, since it helps the business determine the cost structures, and the number of units that need to be sold in order to cover the cost or make a profit.

Break-even Point = Fixed Costs/ (Unit Selling Price – Variable Costs)

 

6.Why is building a corporate culture to match a company’s mission important?

I stand convinced about the importance of corporate’s culture because I believe that a company culture and values reflect the business they develop. A company with strong values and a positive cultures will always lead o do business in a better ways that ones with weak cultures.

In my opinion the culture of a company is the way to represent the personality of the company, their beliefs, mission, values, and the way of thinking. There is no better way to represent their purpose and I believe that a great culture can attract clients, employees, partners and every kind of interaction within the company.

7.Select six leadership attributes that you feel are the most important when building a strong culture. Why?

• Strong ethics: Because if the employees doesn’t have a strong ethical guide to support their activities in the business the company could end doing any unethical activity or even illegal.
• Respect: This is essential when doing business, you have to be respectful with coworkers, clients, partners…
• Honesty: Very important issue when there are many people working alongside.
• Teamwork: In terms of working as everyone have the same rights, possibilities and opportunities despite of your position.
• Support: It is always important if you want make a team success.
• Education: Refered to relationship and communication skills when when treating with different kind of people is also important for a compay.

 

8.Name three important factors that you must take into account when hiring key people.

• Work experience /Skills
• Interaction feelings
• Comunication/relationship skills