Business Finance

Business Finance

11th Grade

20 Qs

quiz-placeholder

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Business Finance

Business Finance

Assessment

Quiz

Business

11th Grade

Hard

Created by

Wally Salinger

Used 14+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Media Image

The finance department in a business is responsible for

Recording customer and supplier transactions and preparing profit and loss statements

Providing managers and owners and the tax department with financial reports

Forcasting cashflow and working capital and use them to make financial decisions

All of the above

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Decisions about sources of capital and borrowing money are the role of the

Finance Department, CFO and Accountant

the CEO (Chief Executive Officer)

the CFO (Chief Financial Officer)

the CEO, Shareholders and the Finance Department

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Businesses need finance departments to

write cheques

reconcile earnings and expenses

to deal with all aspects of money

provide assistance to the CFO and the CEO

Answer explanation

Media Image

Making money is a legal requirement of a business. No money, no finance.

No finance department.

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Media Image

The three main reasons businesses need money is

start up business expenses

start up, operational, expansion expenses and increase working capital

pay directors, managers and staff wages and benefits

buy materials to make products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Start up capital is

the city in you launch your business

the cost of your new business logo and brand

the city in which your business has its bank account when you launch

finance that funds your business set up and the first year of operations

6.

MULTIPLE SELECT QUESTION

45 sec • 3 pts

Media Image

Some of the finance department's tasks in business expansion would include

deciding how to fund capital purchases

details of cash, loans or equity to takeover or merge

preparing taxation and other historical financial reports

deciding on the type of new machinery to purchase

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Media Image

The finance department must ensure the "life blood of the business" is enough to maintain and grow business operations. What is the "life blood"?

a postitive working staff and management team

a highly successful brand that is socially and environmentally active

cash in the bank to pay expenses, including tax and shareholder dividends

available cash and liquid assets or working capital that may be used to fund daily and monthly operations

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