Finance Administration Quiz

Which of the following is an element of finance involved in administration?

• Marketing

• Billing

• Human Resources

• Customer Service

Which of the following is NOT listed as an element of finance involved in administration?

• Budgets

• Costings

• Financial processes

• Product development

What does financial administration in business typically involve?

• Sales strategies

• Invoicing

• Recruitment

• Market research

Which of the following elements includes payment methods?

• Billing

• Budgets

• Payments

• Costings

Which of the following is NOT a financial administration element?

• Purchase orders

• Petty cash

• Procurement

• Marketing strategy

Which financial administration element involves the process of acquiring goods and services?

• Purchase orders

• Procurement

• Contracts

• Tenders

What is the term for a formal request to purchase goods or services?

• Purchase orders

• Petty cash

• Purchase requisition

• Tenders

Which financial administration element is used to manage small, everyday expenses?

• Purchase orders

• Petty cash

• Contracts

• Tenders

Which organization regulates financial markets within the UK?

• Financial Conduct Authority

• Bank of England

• UK Treasury

• London Stock Exchange

What is one of the roles of the Financial Conduct Authority?

• To regulate international trade

• To protect businesses and consumers

• To manage the national budget

• To oversee local government finances