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FINANCIAL MANAGEMENT QUIZ 1

Authored by Lawrence Ekpo

Business

University

Used 3+ times

FINANCIAL MANAGEMENT QUIZ 1
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Which of the following best identifies the four main areas of finance?

Exchange rate management, investments, financial institutions and markets, international finance

Corporate finance, investments, capital structure, international finance

Corporate finance, investments, financial institutions and markets, international finance

Corporate finance, capital budgeting, financial institutions and markets, regulation

2.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

The set of financial activities that support the OPERATIONS of a business is best described by which main area of finance?

Corporate finance

Investments

Financial institutions and markets

International finance

3.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

The means by which a company is financed refers to the firm's ________.

capital budgeting

capital structure

accounts receivable management

working capital management

4.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Managing the firm's short-term financing activities is known as ________.

capital budgeting

capital structure

accounts receivable management

working capital management

5.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Which of the statements below is TRUE?

Accounting Identity is: Assets ≡ Liabilities - Owners' Equity.

Accounting Identity is: Assets ≡ Liabilities + Owners' Equity.

Accounting Identity is: Assets ≡ Owners' Equity - Liabilities.

Accounting Identity is: Liabilities ≡ Assets + Owners' Equity.

6.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Your company just sold a product with the following payment plan: $40,000 today, $35,000 next year, and $30,000 the following year. If your firm places the payments into an account earning 6% per year, how much money will be in the account after collecting the last payment?

$118,767

$112,044

$94,074

$85,000

7.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

All financial transactions have a buyer and a seller.

TRUE

FALSE

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