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Scope and Importance of Financial Management

Authored by Janice Cunan

Business

University

Scope and Importance of Financial Management
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the strategic planning, organizing, directing, and controlling of financial undertakings in an organization 

Financial Analysis

Financial Reporting

Financial Management

Financial Accounting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agency relationship is a relationship between an agent and a principal, where an agent gives the principal legal permission to act on the agent's behalf.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial manager's responsibility that uses past financial data and current market trends to make educated assumptions for future periods.

Controlling

Planning

Forecasting

Estimating

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Financial Managers are often task to trade the equity securities of the firm in the financial market. What particular activity is this?

Forecasting & Planning

Making Crucial Investment & Financing Decisions

Coordinating & Controlling

Trading in Financial Markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Finance functions are

Planning for funds

Raising of funds

Allocation of funds

All of the above

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

This considered as the oldest, most common, and simplest form of business organization.

Sole Ownership

Partnership

Sole Proprietorship

Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Higher risk is associated with greater probability of higher return and lower risk with a greater probability of smaller return.

Risk Analysis

Risk Assessment

Risk Management

Risk-return trade-off

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