Business Finance Quiz 1 (Sir Kevin)

Full Name

Grade and Section

All are key concepts of the definition of finance except for one

• Both a science and an art both a science and an art

• Application of economic and accounting concepts and principles

• Buying and selling of goods

• Management, allocation, and utilization

It is the management of financial resources of private individuals, non- governmental organizations, and private organizations in accordance with the prescribed financial policy and priority of the person or business organizations.

• Business Finance

• Private Finance

• Public Finance

• Personal Finance

It is the allocation of government income generated from either taxation or borrowings and the government expenditure based on the approved national and local appropriation of budget.

• Business Finance

• Private Finance

• Public Finance

• Personal Finance

It is an area of finance that focuses on the handling and management of financial resources of a business organization.

• Business Finance

• Private Finance

• Public Finance

• Personal Finance

It is sub-category of private finance which is directed towards the management of personal resources of an individual.

• Business Finance

• Private Finance

• Public Finance

• Personal Finance

These are institutions or organizations that provide financial services among others, in form of loan, credit, fund administration, financing depository, and safekeeping.

• Capital Market

• Financial Institutions

• Financial Instruments

• Business Finance

It refers to the place where the selling-buying activity occurs to trade equity securities such as bonds and stocks, currencies, derivative securities, notes, and mortgages.

• Capital Market

• Financial Institutions

• Financial Instruments

• Business Finance

It refers to contracts that give rise to the formation of financial assets of one entity and at the same time the creation of a financial liability or an equity instrument in another entity

• Capital Market

• Financial Institutions

• Financial Instruments

• Business Finance

All are examples of financial instruments except for one

• Bonds

• Stocks

• Utility Bill

• Loans