Business Finance - Quiz #1

What is the primary role of financial management in an organization?

• Managing Human Resources

• Managing Physical Assets

• Managing Financial Resources

• Managing Marketing Resources

Who is responsible for overseeing financial planning, accounting, and financial risk management in an organization?

• CEO

• CFO

• CMO

• COO

Which of the following is considered a financial instrument?

• Bank

• Credit Card

• Stock

• Loan

What is the primary function of a financial institution?

• Issuing stocks

• Providing financial services

• Regulating financial markets

• Analyzing market trends

Where do buyers and sellers trade financial instruments like stocks and bonds?

• Financial Institution

• Financial Market

• Financial Statement

• Financial Plan

In the flow of funds within an organization, what are the typical sources of funds?

• Sales revenue, investment income, and loans

• Employee salaries, marketing expenses, and rent

• Manufacturing equipment, office supplies, and vehicles

• Customer orders, supplier invoices, and taxes

What is the primary role of the financial manager in an organization's fund flow?

• Allocating resources to marketing activities

• Allocating financial resources to different departments

• Managing human resources within the organization

• Making operational decisions

What financial statement shows an organization's financial position at a specific point in time?

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Statement of Retained Earnings

Which individual in an organization is responsible for analyzing financial data and making recommendations for investment decisions?

• CEO

• CFO

• COO

• CMO

What is the primary goal of financial management?

• Maximizing the number of employees in an organization

• Maximizing the use of physical assets

• Maximizing the organization's financial performance and value

• Maximizing customer satisfaction