The XYZ Company opened a new manufacturing facility with a capital investment of 10,000,000. The cost to obtain the capital was 8%. In its first year of operations, the facility's net operating profit after taxes was 10,500,000. What was the economic value added (EVA) using the EVA formula?

• A.840,000
• B.8,000,000
• C.500,000
• D.9,700,000

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Regarding key competencies for financial management, HR management and resource management, what sets top performers apart?

• A.The level of formal education in each area
• B.The ability to tie them together, distill key messages and make impactful decisions
• C.Effective interpersonal and communication skills that can overshadow minor deficiencies in any one area
• D.The ability to prioritize which is most critical in any given situation and allocate time and resources accordingly

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What best describes the primary purpose of budgeting?

• A.Limiting spending to a fixed percentage of organizational revenue
• B.Making choices about spending based on expectations of performance
• C.Increasing profitability of the business annually to maximize shareholder/owner value
• D.Complying with local legislation and maintaining accurate records to prepare financial reports and tax documents

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Which financial statement or combination of statements provide(s) the most comprehensive view of the company's financial situation?

• A.The cash flow statement and the income statement
• B.The balance sheet
• C.The income statement
• D.The cash flow statement, along with the balance sheet and income statement

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In what stage of the business lifecycle do companies typically begin standardizing procedures through policy creation?

• A.Decline
• B.Mature
• C.Growth
• D.Start-up

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