Finance Functions are

• Planning for funds

• Raising of funds

• Allocation of resources

• All the above

The Primary goal of financial management is

• to maximise return

• to minimize risk

• to maximize the wealth of owners

• to maximize profit

In his traditional role, the finance manager is responsible for

• Proper utilisation of funds

• Arrangement of financial resources

• Acquiring capital assets of the organisation

• Efficinet management of capital

The controller's responsibilities are primarily in nature, while the treasurer's responsibilities are primarily related to .

• operational; financial management

• financial management; accounting

• accounting; financial management

• financial management; operations

External sources of finance do not include:

• Retained earnings

• Overdraft

• Leasing

• Debentures

Under the factoring arrangement, the factor

• Produces and distributes the goods or services

• Makes the payment on behalf of the client

• collects the client's debt or account receivables

• Transfer the goods from one place to another

Which of the following is not an advantage of issuing bonds?

• management retains control

• interest paid is tax deductable

• Bonds are only a temporay source of finance

• none of the above

The matiurity period of ICDs range from

• 1 year to 2 year

• one day to 6 months

• up to 1 year

• 1 year to 5 year

------ type of financing is usually done for financing high risky businesses

• leasing

• veture capital

• hire purchase

• factoring

Reason for time value of money

• inflation

• reinvestment purpose

• uncertainity

• All the above