EasyPass is designed to help business people and learners studying for business management 102e, business management 1b, business management 101d,  business management 102e, business management 1a and need help with assignments and answers similar to the business management exam papers and answers.  Introduction to business management questions cover MNB 101d and MNB 102e and Business Management 1 to help students pass their business management exams. Why struggle with your exams when . . while we are about promoting EasyPass, this introduction to business management is useful for entrepreneurs and business people.  . . “It’s Easy to Pass your exams with EasyPass”  www.easypass.co.za

The Financial Function and Financial Management

Some of the more important concepts you need to understand about The Financial Function and Financial Management are:

- the concepts of financial management
- the objectives and key principles of financial management
- the concept of Cost-volume-profit
- the time value of money
- and financial analysis, planning and control

An important aspect is the concept of Cost-volume-profit

Cost-volume-profit can also be called break-even analysis. This is the point at which a business is making no loss but also no profit.

For example, if it costs a bakery R100 in total to make a cake and the bakery then sells the cake per slice for R20 each and they can get 10 slices from the cake, it follows that the first 5 slices they sell at R20 each which then equals R100 now covers the cost of making the cake. From this point on, every slice they sell can be considered as profit.

For more information on the concept of Cost-volume-profit, visit the following website,

http://entrepreneurs.about.com/od/businessplan/a/breakeven.htm

To learn more about:

- the concepts of financial management
- the objectives and key principles of financial management
- the concept of Cost-volume-profit
- the time value of money
- and financial analysis, planning and control

and other important concepts sign up to the appropriate Unisa courses and get EasyPass at www.easypass.co.za and test yourself on all the EasyPass questions to make sure you understand all the key concepts.

There is a free blog as well on http://easypass.co.za/easypass-blog-page.php so that you can stay up to date with all the latest news on EasyPass as well as more blogs on the different chapters from the current prescribed text book for courses such as MNB 101D and MNB 102E, amongst others.

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The EasyPass Team

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