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Financial Management - Part 4
1
of
25
💡
Hints:
3
Q1. Which term means actively looking for qualified employees?
A. background check
B. recruitment
C. human resources management
D. meeting staffing needs
Q2. Sara worked an 8 hour shift and makes.12perdoll,shemakes80dolls per hour, what was her gross pay for that day?
A. $80.76
B. $76.80
C. $75.80
D. $60.00
Q3. The croncept of Financial manage- ment is.
A. Profit maximization
B. All features of obtaining and us ing financial resources for company operations
C. Organization of funds
D. Effective Management of every company
Q4. When buying a house if you put a down payment of 20% instead of 10% you avoid paying?
A. Parivate mortgage insurance
B. Extra fees towards your closing cost
C. The first month’s house payment
D. Higher interest rate
Q5. Cash&CashEquivalent-24,890Held for Trading - 10,000Trade and Other Receivables - 16, 000Inven- tory - 8,960If total current liabilities amounted to 19,900. What is the quick ratio?
A. 3.00
B. 2.55
C. 3.01
D. 2.56
Q6. Which of the following statements bestrepresentsthe"AgencyProblem"?
A. Managers might attempt to bene f it themselves in terms of salary and perquisites at the expense of share holders.
B. The agency problem results from the separation of management and the ownership of the firm.
C. The agency problem may interfere with the implementation of maximiz ing shareholder wealth.
D. all of the above
Q7. An ___ is a review of the financial statements of business and the ac- counting practices that were used to produce them
A. income statement
B. financial statement
C. audit
D. statement of cash flows
Q8. The important goal of the financial service industry is to mobilise and al- locate
A. Saving
B. Sales
C. Purchase
D. All the above
Q9. The formula to calculate future value.
A. FV =(P +i)n
B. FV =P(1+i)n/m
C. FV =P(1+i)n
D. FV =P/(1+i)n
Q10. ThetableshowspartofEncikHalim’sr monthly financial plan.Express p as a e percentage of the net income.
×
A. 25%
B. 20%
C. 15%
D. 10%
Q11. A number that represents a person’s credit history
A. Credit Card Number
B. Credit Score
C. Asset
D. Credit Limit
Q12. What is the definition of Expenses?
A. The money from selling goods and services
B. Cash you are spending in the busi ness
C. Costs of running the business
D. The outgoings relating specifically to vehicles
Q13. expenses that remain the same from one period to the next
A. credit
B. fixed expenses
C. gratuity
Q14. Apples are on sale for $1.50 for 3 pounds. Calculate the unit price.
A. $0.50/lb
B. $1.50/lb
C. $4.40/lb
Q15. What is gross pay?
A. Gross pay is before taxes are taken.
B. Gross pay is after taxes are taken.
Q16. The decisions related to the working capital is called as
A. Long term Investment Decision
B. Financing Decision
C. Dividend Decision
D. Liquidity Decision
Q17. Whichfactorwouldmakeyourcredit score go UP?
A. Length of credit history
B. Using most or all of your available credit
C. Excessive number of credit in quiries
Q18. A(n) ___ is a document that specifies the funds a firm will need for a pe riod of time, the timing of inflows and outflows, and the most appropriate sources and uses of funds.
A. financial plan
B. asset management plan
C. budget
D. strategic plan
Q19. The record that proves a business transaction occurred is a(n)
A. source document
B. ledger
C. journal
D. balance sheet
Q20. Sara used her debit card at Sam’s N Cafe and wants to know her current balance. Based on the check register below, Sara’s current balance is:
×
A. 402.90
B. 391.12
C. 379.34
D. 437.41
Q21. Which one is not a source of redemption of debentures
A. Capital
B. Capital reserve
C. Profits
D. New issue of shares and deben tures
Q22. If an individual puts $400 into a sav- ings account with a simple interest rate of 1.25% APR how much will be intheaccountafter10yearsassuming they don’t add anymore?
A. $900
B. $450
C. $425
D. $550
Q23. Businesses use aging of accounts to:
A. study the effectiveness of accounts receivable collection
B. determine which accounts payable to pay first
C. decide when equipment needs to be replaced
Q24. Pay Back Method of Capital Budget- ing is suitable for
A. Small Projects
B. Large Projects
C. Both of them
D. None of them
Q25. Which of these statements is incor- rect?
A. Quick ratio may be higher than current ratio.
B. ROI would always be lower than ROCE.
C. Receivable turnover ratio is inte gral to the computation of days sales outstanding.
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