Using the following Terms (A - P) fill in the below Statements (1 - 14)

TERMS (A - P):

A. Common Understanding

B. Debt to Equity Ratio

C. Red Tape and Bureaucracy

D. Cash flow Statement

E. Net Income

F. Cost of Investment

G. Income Statement

H. Financial Statements

I. Variance

J. Policies, Procedures, Practices, and Review

K. Benchmark

L. Lifetime Return

M. Payback Period

N. Financial Ratios

O. Time Value of Money

P. Balance Sheet

STATEMENTS (1 - 14):

1. Knowing the numbers isnt enough. To truly understand the meaning of the numbers, the manager needs to know the industry ____

2. To make good decisions, the manager should have access to the companys ____ and its ____ reports

3. The simplest form of ROI calculation takes into account the upfront cost of the investment and the ____

4. If the manager was asking questions about the organizations Cash position, they would need the ____ to find the answers

5. The elements required to establish effective financial guidelines are ____

6. The standard formula for ROI is ____ less the ____ divided by the ____

7. To understand their departments gross profit, the manager needs to look to ____ for the answer.

8. The time it takes to earn back the original investment through the cumulative cost savings or additional earnings generated by that investment is known as the ____

9. Policies and procedures have unfairly gotten a bad reputation as being associated with ____

10. The ____ takes into account that money in the future is worth less than money now.

11. If the manager was asking questions about the companys ____, they would need the balance sheet to find the answers.

12. To determine how the company is accruing cash and spending it, the manager would need the ____ to find answers

13. Effective policies establish a ____ amongst all company employees of expected standards of behavior.

14. If one was asking questions about the organizations cost of goods sold expenses, they would need the ____ to find the answers.