COUNTPA FINANCIAL, CREDIT, RISK MANAGEMENT QUIZ

DEFINITION: WHAT IS CREDIT?

• The act or art of managing

• A process where funds are utilized as commodity to generate revenue.

• Has replaced bartering as the primary means of exchanging goods and services in the modern world.

• The process of raising funds or capital for any kind of expenditure

DEFINITION: WHAT IS FINANCIAL PLANNING?

• The process of raising funds or capital for any kind of expenditure.

• That takes out a loan from a bank under an agreement to pay it back later, typically with interest.

• Encompasses the identification, analysis, and response to risk factors that form part of the life of a business.

• A business enterprise or speculation in which something is risked in the hope of profit

Which of the following is the CORRECT steps/process of accounting?

• Book of Accounts -Reports -Recording -Vouchers and Supporting Documents

• Vouchers and Supporting Documents -Reports - Book of Accounts -Recording

• No correct answer

• Recording - Book of Accounts -Reports - Vouchers and Supporting Documents

WHAT ARE THE 3 MAIN FUNCTIONS OF THE BOARD OF DIRECTORS?

• 1. Strategic Planning

  2. Direction Setting

  3. Policy Formulation

• 1. Organizing

  2. Staffing

  3. Controlling

• 1. Structure

  2. Continuity

  3. Accountability

• 1. System

  2. Ideals

  3. Relationship

The 2nd Function of Credit is?

• Financial

• Liquidity

• Capital

• Interest

Which of the following IS NOT a Principle of Financial Management?

• Stewardship

• Accountability

• Transparency

• Security

Which of the following IS A Principle of LENDING?

• Security

• Funds

• Money

• Revenue

Which of the following IS NOT a BASIC TYPE OF LOANS?

• Regular

• Special

• Livelihood

• Restructure

Which of the following IS NOT a Board Area of Credit Management?

• Credit Allocation

• Credit Special

• Credit Evaluation

• Credit Discipline

Which of the following are the 3 Types of Risk Management?

• 1. Systematic Risk

  2. Unsystematic Risk

  3. Regulatory Risk

• 1. Cluster Risk

  2. Groupings Risk

  3. Family Risk

• 1. Basic Risk

  2. Moderate Risk

  3. Hard Risk

• NO ANSWER