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Financial Management - Part 3
1
of
25
💡
Hints:
3
Q1. When your bill might be late, what should you do?
A. Call your lender
B. Email your lender
C. Mail a letter to your lender
Q2. Statement of Changes in Equity shows:
A. Changes in share capital and reserves
B. Changes in profit
C. Changes in assets and liabilities
D. Changes in share price
Q3. Money that a person owes to another person or bank/credit card company is
A. Credit
B. Investment
C. Debt
D. Checking
Q4. Which league has seen the most dra- matic growth in TV revenues over the n last 15 years?
A. NHL
B. NFL
C. NBA
D. MLB
Q5. Staffordloans,Perkinsloans,andPlus loans are all ___ from the government.
A. alternative loans
B. federal loans
C. scholarships
D. grants
Q6. Finance functions are
A. Planning for funds
B. Raising of funds
C. Allocation of funds
D. All of the above
Q7. Finance is the art of the recording and reporting financial transactions.
A. True
B. False
Q8. Dean has a basic account that allows him to deposit and withdraw money, write checks, and receive a monthly statement with no service charge if he maintains a minimum balance of $500. What type of account is this?
A. Checking Account
B. Savings Account
C. Retirement Plan Account
Q9. The objectives or goals of financial management are to maximize ___ ?
A. Sales
B. Profits
C. Owner’s wealth
D. Total assets
Q10. The electric company will accept a minimum payment less than the full balance.
A. TRUE
B. FALSE
Q11. Varianceandstandarddeviationmea- sure the volatility of returns
A. True
B. False
Q12. If the federal reserve increased the in- terest rate to slow down the economy they would be using:
A. monetary policy
B. fiscal policy
C. fiduciary policy
D. regressive policy
Q13. Federal agency debt
A. Short term debt
B. Long term debt
Q14. any item or expense subtracted from gross income
A. taxes
B. deductions
C. capital gains
Q15. A car manufacturing company en- tered into the market with air con- ditioner and now introduced products likerefrigerator,washingmachineand other electronic items. The company not only offering the product but also handling complaints and after sales services.Identify the element of mar- keting mix discussed here.
A. product mix
B. price mix
C. place mix
D. promotion
Q16. Loan syndication refers to getting ___ for projects from cgonsortium.
A. Term Loan
B. Gold Loan
C. Cash Loan
D. House Loan
Q17. What is the payment method that can be used to rent cars or reserve hotel rooms?
A. Currency
B. Credit card
C. Check
Q18. ThemainaimoftheFinancemanager is to
A. Maximize the profit
B. Maximize the EPS
C. Maximize the wealth of the Share holders
D. Maximize the Salaries of the Man agers
Q19. If business uses assets on lease, it will
A. increase working capital require ment
B. increase fixed capital requirement
C. decrease working capital require ment
D. decrease fixed capital requirement
Q20. Combined Leverage is obtained from OL and FL by their
A. Addition
B. Subtraction
C. Multiplication
D. Any of these
Q21. Cash, equipment, buildings, supplies, inventory, and land are all identified as what in a financial plan?
A. Operating Expenses
B. Assets
C. Capital
Q22. A ’business plan’ is a
A. list of annual tasks the business needs to achieve
B. document that describes the aims and strategies of a business
C. set of criteria that banks require for businesses to be registered
Q23. What is credit?
A. Trust from a creditor/lender that you will repay the funds borrowed.
B. Asmall plastic card that allows you pay for something without using cash.
C. Risk associated with borrowing money.
D. Interest on good purchased.
Q24. Investment Decisions involve
A. Capital Budgeting Decisions
B. Working Capital Decisions
C. Both of the above
D. None of the above
Q25. In a fixed exchange rate system, gov- ernments/CBs stand ready to buy and sell currency at official exchange rates.
A. True
B. False
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