Assets refer to a company’s liabilities and debts. - False – Assets refer to the resources a company owns, not liabilities or debts., Liabilities are the resources owned by a company. - False – Liabilities are obligations or debts a company owes, not resources owned., Equity is calculated as assets minus liabilities. - True, Revenue refers to the company’s total income. - True, Expenses are the funds received from sales or services. - False – Expenses are costs incurred by a business, not funds received from sales., Profit is achieved when revenue exceeds expenses. - True, Loss happens when expenses are greater than revenue. - True, A budget is a list of all assets a company owns. - False – A budget is a financial plan, not a list of all assets a company owns., Cash flow tracks the movement of money in and out of a company. - True, Investment refers to money saved in a bank account. - False – Investment refers to money allocated with the expectation of returns, not just savings in a bank., Capital is the financial foundation for business operations. - True, Interest rate is the percentage charged on borrowed money. - True, A dividend is the tax a company pays on its profit. - False – A dividend is a portion of a company's earnings distributed to shareholders, not a tax on profit., A stock represents a share of ownership in a company. - True, A bond is a loan issued by a company to raise funds. - True, An audit is conducted to check the quality of customer service. - False – An audit is conducted to evaluate a company’s financial statements, not customer service quality., A balance sheet summarizes a company’s assets and liabilities. - True, Net income is calculated before taxes are deducted. - False – Net income is calculated after taxes are deducted, not before., Liquidity refers to how easily an asset can be converted to cash. - True, ROI (Return on Investment) measures the efficiency of an investment. - True, Debt refers to money owed by a company or individual. - True, An overdraft is when a bank account balance falls below zero. - True, A mortgage is used to purchase real estate. - True, A credit score measures how well a person saves money. - False – A credit score measures creditworthiness, not saving habits., The exchange rate is the ratio between expenses and revenue. - False – The exchange rate is the value of one currency relative to another, not a ratio between expenses and revenue., A fiscal year always aligns with the calendar year. - False – A fiscal year may or may not align with the calendar year, depending on the company., Gross income is the total income before deductions. - True, A ledger records all financial transactions of a business. - True, Depreciation is the increase in an asset’s value over time. - False – Depreciation is the decrease in an asset’s value over time, not an increase., A tax return is a report submitted to claim a loan. - False – A tax return is a report filed to declare income and taxes, not to claim a loan., A milestone is a significant achievement in a project. - True, The scope of a project defines its goals and deliverables. - True, A stakeholder is always a company employee. - False – A stakeholder can be anyone affected by the project, not only company employees., A deliverable is a tangible or intangible output of a project. - True, A timeline only includes the project’s start and end dates. - False – A timeline includes all project deadlines, not just start and end dates., Budget overrun occurs when project costs exceed the planned budget. - True, Risk management identifies and mitigates project risks. - True, A Gantt chart is a tool for planning project finances. - False – A Gantt chart is a tool for scheduling and tracking project timelines, not finances., Resource allocation is the process of assigning available resources. - True, A project charter is created at the end of a project. - False – A project charter is created at the beginning of a project, not the end., A kickoff meeting is held to review completed tasks. - False – A kickoff meeting is held at the start of a project, not after tasks are completed., Dependencies are tasks that rely on other tasks to be completed first. - True, The critical path is the shortest sequence of project tasks. - False – The critical path is the longest sequence of tasks that determines the project’s completion time, not the shortest., A baseline is the original project plan used for comparison. - True, A change request is submitted to adjust project timelines. - True, A work breakdown structure (WBS) divides the project into smaller tasks. - True, Agile methodology is a step-by-step approach to project management. - False – Agile methodology is iterative and flexible, not step-by-step., A scrum is a meeting to discuss project progress in Agile. - True, A backlog contains completed project tasks. - False – A backlog contains tasks yet to be completed, not completed ones., A kanban board visually tracks project tasks. - True, Sprints are short, iterative cycles in Agile project management. - True, Cost overrun occurs when project expenses are lower than budgeted. - False – Cost overrun occurs when project expenses exceed the budget, not when they are lower., A feasibility study analyzes whether a project is practical and viable. - True, A risk assessment identifies potential project risks. - True, Quality assurance ensures that project deliverables meet standards. - True, A project plan only includes the objectives of the project. - False – A project plan includes objectives, timelines, resources, and more, not just objectives., Task prioritization organizes tasks based on importance and urgency. - True, Stakeholder engagement focuses on keeping stakeholders informed and involved. - True, A burnout chart tracks employee satisfaction in a project. - False – A burnout chart tracks work progress, not employee satisfaction., A post-mortem analysis is done after a project ends to evaluate its outcomes. - True,

Finance and Projects [True or False]

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