What is the main purpose of financial planning for business activities?
BUSINESS FINANCE

Quiz
•
Business
•
University
•
Hard

Muhammad Azim bin Zainal Alam
Used 28+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To ensure the availability of funds for business activities
To reduce the cost of production
To increase the number of employees
To expand the business to new locations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between capital and revenue expenditure?
Capital expenditure involves reducing the cost of production, while revenue expenditure involves increasing the number of employees
Capital expenditure involves spending on all costs and assets other than fixed assets, while revenue expenditure involves the purchase of assets that are expected to last more than one year
Capital expenditure involves the purchase of assets that are expected to last more than one year, while revenue expenditure involves spending on all costs and assets other than fixed assets
Capital expenditure involves generating increasing sales, while revenue expenditure involves increasing revenue to impact on overall profit levels
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of working capital to a business?
It helps in reducing the cost of production
It ensures the availability of funds for business activities
It helps in managing everyday expenses and prevents the business from becoming illiquid
It is used for expanding the business to new locations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the different sources of long, medium, and short-term finance?
Government grants only
Both internal and external sources
External sources only
Internal sources only
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role played by the main financial institutions?
To increase the liabilities or debts of the business
To reduce the cost of financing for businesses
To provide advice, contacts, and experience to small to medium-sized businesses
To manage the day-to-day operations of the business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of working capital?
The finance needed for everyday expenses
The purchase of assets that are expected to last more than one year
The ability of a firm to be able to pay its short-term debts
The purchase of essential capital equipment for the business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main short-term sources of finance?
Bank overdrafts and venture capital
Bank loans and creditors from suppliers
Debt factoring and trade credit
Micro-finance and grants from government agencies
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