1) WHAT FINANCIAL MEASUREMENTS SHOULD BE PREPARED TO MEASURE COMPANY PERFORMANCE?

Financial measurements:
– Measuring sales volume: to show if the company is making more or less sales than previously.
– Measuring profit: to see that actual amount that was made after cost are taken into consideration.
– Measuring cash flow: Depending on how much money is actually being brought into the company management is able to make a decision and allocate resources and such appropriately.

2) WHAT ARE THE CATEGORIES AND STEPS IN PREPARING A FINANCIAL BUDGET?

The categories in preparing a financial budget are:

– Sales
– COGS
– Gross profit
– Operating Expenses, Profit/Loss
– Other income and expenses
– Taxes
– Net income
– EBIT
– EBITDA

The steps in preparing a financial budget are:
1) Projecting Sales
2)Projecting Expenses
3) Researching The cash flows to help anticipate the future and the resources that can be allocated.

4) DESCRIBE THE BREAKEVEN TECHNIQUE IN THE DECISION-MAKING MODEL TO DETERMINE PROFIT AND LOSS

A company breaks even when its sales have equaled the same amount as the expenses. When it has this means that a company will start to make money.

6) WHY IS BUILDING A CORPORATE CULTURE TO MATCH A COMPANY’S MISSION IMPORTANT?

A company’s culture is one factor that builds a company’s reputation. If it does not mesh with the mission statement of the organization, the company is basically going against everything that it stands for.

An example of this is if an organization sells eco-friendly products, but in the offices the company does not use eco-friendly material. This would look bad on a company because it is not “practicing what it preaches.”

7) SELECT SIX LEADERSHIP ATTRIBUTES THAT YOU FEEL ARE THE MOST IMPORTANT WHEN BUILDING A STRONG CULTURE. WHY?

– Integrity: When there is employees of any organization believe in the company that they are working for.
– Communication: Helps insure that everyone is aware of what needs to get done and how and this way there is no miscommunication.
– Teamwork: No organization no matter how big can be ran by just one person.
– Knowledgable: People of an organization need to know exactly where to go to in order to figure out any piece of information they made need to complete their work.
– Unity: An organization is a unit, everyone should be able to work together and get the job done.
– Safe: If an employees does not feel safe or comfortable they are unable to get the gob don’t in the best and fastest way possible.

8) NAME THREE IMPORTANT FACTORS THAT YOU MUST TAKE INTO ACCOUNT WHEN HIRING KEY PEOPLE.

Hiring Factors:

– What can the employee provide?
– Will this potential employee mesh with the company culture?
– Are they able to do the job?