Basic business concepts. The meaning of basic financial information. How these factors affect the workplace. Using the following overhead, review each question with the group and record the number of people giving one response or another. Test Your Business Knowledge Please choose whether the statement made is true or false.
Profit is the same as cash.
True False A company can operate for an extended period of time without cash, as long as it is profitable. True False An income statement shows whether or not a company is profitable. Probably Probably Not To increase profits, you can increase sales, increase prices, decrease costs or some combination of all three. All rights reserved.