eDX Foundations of Finance

In relation to a company, shareholders are the:

• Owners

• Managers

• Director

• Employees

Money is a short term store of value

• True

• False

Our cash receipts this month were PhP50k (=PhP50,000). Payments were PhP30k.

What were our net cash receipts or payments for the month?

• Net receipts 15,000

• Net payments 15,000

• Net receipts 20,000

• Net payments 20,000

Our cash receipts this month were PhP 80k. Net receipts were PhP45k.

What were our cash payments for the month?

• 125,000

• 80,000

• 35,000

• Cannot be determined

A balance sheet is also known as:

• Statement of Account

• Statement of Assets

• Statement of Liabilities

• Statement of Financial Position

The income statement explains ________ for a period.

• changes in cash and cash equivalents

• profits and loss

• Ask Abi

• Ask Matt

Interest is a form of ______

• withdrawal

• stocks

• income

• paper

Which of the following is the most usual ordering of risk management activities in a risk management framework?

• Report, Manage, Identify.

• 
  

  Identify, Report, Manage.

• Identify, Manage, Report.

• 
  

  Manage, Identify, Report.

The following are responses to risks EXCEPT

• Avoid

• Accept

• Reduce

• Recycle

Which of the following risks is the most likely to be the highest priority to manage?

• Medium Severity - High Frequency

• Medium Severity - Medium Frequency

• Low Severity - Medium Frequency

• Low Severity - High Frequency