12 Business Studies –
Finance 2026 | Study
Guide, Practice Questions,
Answers, Rationales &
Exam Review | Complete
Ethics Study Guide
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Profitability the earnings of a business after expenses have been paid
Efficiency the ability of a business to minimise its costs and manage the level of assets so that
the maximum profit can be achieved with the lowest level of assets
Growth ability of a business to expand over time
Liquidity the ability of a business to pay its short term debts as they fall due
Solvency the long term debts of a business
Gearing the proportion of debt to equity used to finance the activities of the business
Strategic financial management the planning and monitoring of a business' financial resources to ensure it achieves
its financial objectives
Australian Securities and Investment Commission enforces and administers the Corporations act, protects consumers and assists in
(government influence) reducing fraud and unfair practices
Company taxation (government influence) levied at a flat rate of 30%
Global economic outlook (global market influence) Positive outlooks increase the demand for products and services and increase
interest rates (negative is opposite)
Availability of funds (global market influence) refers to the ease with which a business can access funds for borrowing
Interest rates (global market influence) traditionally australian interest rates are higher than other countries so businesses
can benefit from borrowing overseas
Finance 2026 | Study
Guide, Practice Questions,
Answers, Rationales &
Exam Review | Complete
Ethics Study Guide
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Profitability the earnings of a business after expenses have been paid
Efficiency the ability of a business to minimise its costs and manage the level of assets so that
the maximum profit can be achieved with the lowest level of assets
Growth ability of a business to expand over time
Liquidity the ability of a business to pay its short term debts as they fall due
Solvency the long term debts of a business
Gearing the proportion of debt to equity used to finance the activities of the business
Strategic financial management the planning and monitoring of a business' financial resources to ensure it achieves
its financial objectives
Australian Securities and Investment Commission enforces and administers the Corporations act, protects consumers and assists in
(government influence) reducing fraud and unfair practices
Company taxation (government influence) levied at a flat rate of 30%
Global economic outlook (global market influence) Positive outlooks increase the demand for products and services and increase
interest rates (negative is opposite)
Availability of funds (global market influence) refers to the ease with which a business can access funds for borrowing
Interest rates (global market influence) traditionally australian interest rates are higher than other countries so businesses
can benefit from borrowing overseas
