Питання для самоконтролю

1. In what sectors do most Ukrainians work?

2. What did nuclear plants begin providing?

3. What branches of industry can be called as the old and what branches can be called the new ?

4. Where are the main centres of cotton and woolen industry situated?

5. What products of British economy are exported to many countries of the world?

6. How many levels of management do you know?

7. What are the functions performed by top management?

8. What are middle managers responsible for?

9. What is marketing?

10. What is marketing concept?

11. What is the key to successful marketing?

12. Describe the responsibilities of financial managers.

13. Outline the steps in financial planning by explaining the process of forecasting financial needs, developing budgets, and establishing financial controls.

14. Name three finance functions important to the firm’s overall operations and performance?

15. Why is accounting considered an information system?

16. What is the role of accounting in the decision-making process, and what broad business goals and activities does it help management to achieve and manage?

17. Distinguish between management accounting and financial accounting,

18. What is the difference between accounting and bookkeeping?

19. What banks were the first to appear?

20. What has given the impetus to the formation of cooperative banks?

21. What initiated the creation of the joint-stock commercial Electro-Bank?

22. What services do commercial banks offer to their customers?

23. Give the definition of a budget.

24. What is called budgeting?

25. What does the budget system of Ukraine consist of?

26. What part has been played by transport in the development of national economy?

27. What advantages do other modes of transport have comparing with railways (pipelines, airplanes, trucks, ships)?

28. How have these modes of transport changed the role of the railroad?

29. What kind of transport moves large volumes of finished merchandise economically?

30. How are “ unit” or “ block” trains composed?

31. What does an economist deal with?

32. What is the aim of economists?

33. What economic must the managers have?

34. What do the marketers plan?

35. Is marketing management one of the leading branches of modern activity?

36. Who is in charge of finance?

37. What do the accountants design?

38. What do the auditors prepare and analyze?

39. What role do banks and other financial institutions fulfill?

Finances and their functions

Answer the following questions:

1. Explain the role and importance of finance.

2. Describe the responsibilities of financial managers.

3. Outline the steps in financial planning by explaining the process of forecasting financial needs, developing budgets, and establishing financial controls.

4. Name three finance functions important to the firm’s overall operations and performance?

5. What are the three primary financial problems that often cause firms to fail financially?

6. In what ways do short-term and long-term forecasting differ?

7. What does an internal auditor do? Why is it important that this function remain independent?

8. Can you identify the main types of budgets?

9. Money is said to have a time value. What exactly does it mean?