Untitled Quiz

Why is finance important in the context of business?

• A. Finance is only necessary for large corporations

• C. Finance is irrelevant in the context of business

• D. Finance is only required for small startups

• B. Finance is essential for all business activities

According to J.S. Massie, what is financial management responsible for?

• B. Marketing and sales strategies

• A. Obtaining and effectively utilizing funds

• C. Human resource management

• D. Production management

What does the finance function include?

• A. Investment Decision, Marketing Decisions, Dividend Decision

• D. Investment Decision, Human Resource Decisions, Dividend Decision

• B. Investment Decision, Financing Decisions, Dividend Decision

• C. Investment Decision, Production Decisions, Dividend Decision

What is the definition of the dividend decision in financial management?

• A. Decision on retention versus distribution

• D. Decision on production management

• B. Decision on investment in research and development

• C. Decision on marketing strategies

What is the nature of financial management?

• A. It is a one-time process

• B. It is a continuous process

• D. It is not an integral part of business decision-making

• C. It is only applicable to large businesses

What is the scope of financial management?

• D. Only applicable to production management

• C. Only applicable to marketing strategies

• B. Extends beyond financial decision-making

• A. Limited to financial decision-making

What is the primary objective of financial management?

• D. Cost Minimization

• C. Revenue Maximization

• B. Profit Minimization

• A. Wealth Maximization

What does wealth maximization consider?

• A. Net Present Value (NPV) only

• B. Time value of money only

• D. Net Present Value (NPV) and time value of money

• C. Market value of shares only

What is the finance function responsible for?

• D. Procuring funds, investing them into non-profitable projects and retaining the returns earned from those investments

• C. Procuring funds, investing them into profitable projects and retaining the returns earned from those investments

• B. Procuring funds, investing them into non-profitable projects and distributing the returns earned from those investments

• A. Procuring funds, investing them into profitable projects and distributing the returns earned from those investments

What is the meaning of financial management according to Howard and Upton?

• D. A body of facts, principles, and theories relating to raising and using money by individuals, businesses and governments

• C. Business finance concerned with planning, raising, controlling, administering of the funds used in the business

• B. The application of planning and controlling functions of finance function

• A. The operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations