It is also recognized that everyone can benefit when employees are provided with the right information at the right time, and they know how to effectively use that information . Before we start, you might want to answer the following questions. However, you should know that these same questions were asked of senior managers in a large number of companies, and many did not answer all of the questions correctly. By the end of this workshop, you will know the correct answers and why. Please choose whether the statement made is true or false.
Profit is the same as cash.
A company can operate for an extended period without cash, as long as it is profitable. An income statement shows whether or not a company is profitable. There are many other questions that employees would like to know regarding the economy and how business works. Probably Probably Not To increase profits you can increase sales, increase prices, decrease costs or some combination of all three. This workshop has been developed by people who understand how business works, including representatives from both management and labour organizations.