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Financial Management - Part 1
1
of
25
💡
Hints:
3
Q1. Which of the following is not a lim- itation of analysis of financial state- ments?
A. Affected by personal bias
B. To know the financial strength
C. Lack of Qualitative Analysis
D. Based on accounting concepts
Q2. A(n) ___is a review of accounting records and procedures.
A. evaluation
B. budget
C. audit
D. financial plan
Q3. The financial account- ing provide information for investors and customers.
A. False
B. True
Q4. Which of the following is NOT listed asausefulunitstrategywhenaddress- ing budget reductions?
A. Sharing resources with other units
B. Cutting back on non-essentials
C. Responding reactively rather than proactively
D. Considering outsourcing
Q5. Thecomparisonofcashtodebtbasedr on the concept that a business should e have at least enough money on hand to pay its current debts.
A. return on investment (ROI)
B. current ration
C. debt ration
D. quick ratio
Q6. The form of business which has un- limited number of shareholders and largescaleeconomicoperationsrefers to:
×
A. Sole proprietorship
B. Corporation
C. Partnership
D. Small enterprise
Q7. An earnings report includes
A. the number of sick days an em ployee has available
B. the employee’s job title
C. the amount of deductions for the current pay period
D. all of the above
Q8. Factorsthatmaketimevalueofmoney possible are
A. Time, Money, Security
B. Time, Money, Investments
C. Time, Interest, Investments
D. Time, Money, Interest
Q9. You should wait until you graduate high school to prepare for a career.
A. True
B. False
Q10. Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?
A. Gross Income
B. Net Income
C. Both Gross and Net Income
D. None of the above
Q11. Which of the following individuals has the direct responsibility for share- holder relations?
A. Controller
B. Chief financial officer
C. Chief executive officer
D. Treasurer
Q12. A company is likely to declare higher dividends if
A. Tax rates are high
B. Tax rates are relatively lower
C. Tax rate has no effect on dividend declaration
D. None of the above
Q13. When someone famous uses their own image to help promote a particular product, it is called
A. billboard
B. endorsement
C. placement
D. spread
Q14. Considered the highest policy making body in a corporation
A. Shareholders
B. Board of Directors
C. VP for Finance
D. VP for Production
Q15. Fixed assets are items of value that will be held for more than one year.
A. True
B. False
Q16. The finance manager is accountable for.
A. Earning capital assets of the com pany
B. Effective management of a fund
C. Arrangement of financial resources
Q17. Doubling Period can be calculated with the help of
A. Rule of 72
B. Rule of 69
C. By referring to the CF Table
D. All of the Above
Q18. Net profit after taxes is
A. gross profits minus operating ex penses
B. sales revenue minus cost of goods sold
C. EBITDA minus interest
D. EBIT minus interest and taxes
Q19. Financing obtained from an investor n or investment group that lends large sums of money to promising new or expanding small companaies.
A. Investment Banks
B. Stock Options
C. Venture Capital
Q20. What is the formula for DVI for a fixed price engagement?
A. Forecast Contribution- Budgeted Contribution = DVI
B. GOP- Business Development = DVI
C. Revenue- Direct Costs = DVI
D. Contribution- Indirect Costs = DVI
Q21. Capital budgeting related to
A. long term assets
B. short term assets
C. long term assets and short term assets
D. fixed assets
Q22. Nedbank, FNB and Standard Bank a are examples of?
A. Deposit taking institutions
B. Non deposit taking institutions
C. Pension funds
D. Providents funds
Q23. Liquidity is the ability of the business to:
A. Satisfy its short-term obligations as they become due
B. Generate income that will exceed cost
C. Maximise revenue from sales while limiting expenses to the essential
D. Ensure assets of the business ex ceed its liabilities
Q24. Process of gathering, analyzing, and interpreting information about mar- ket, product, or service to be offered for sale in the market, about the past, present and potential customers for the product or service.
A. MARKETING PLAN
B. MARKET RESEARCH
C. MARKETING STRATEGY
D. PRODUCT TESTING
Q25. Inhistraditionalrolethefinanceman- a ager is responsible for
×
A. proper utilisation of funds
B. arrangement of financial resources
C. acquiring capital assets of the organization
D. Efficient management of capital
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