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Understanding Financial Management

Authored by Sadique Manayil

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University

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Understanding Financial Management
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of financial management?

Increase employee salaries

Expand market share

Reduce operational costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term 'capital budgeting'.

A method for calculating short-term profits.

Capital budgeting is the process of planning and managing a company's long-term investments.

A technique for managing daily operational costs.

A strategy for employee training and development.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main financial statements?

Expense Report, Asset Statement, Financial Summary

Income Statement, Balance Sheet, Cash Flow Statement

Profit and Loss Statement, Equity Statement, Revenue Report

Financial Position Statement, Income Report, Cash Management Statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the concept of 'working capital'.

Working capital refers to the total value of a company's assets.

Working capital is a measure of a company's long-term investments.

Working capital is the difference between current assets and current liabilities, indicating a company's short-term financial health.

Working capital is the amount of cash a company has on hand.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between fixed and variable costs?

Fixed costs are always higher than variable costs.

Fixed costs do not change with production levels, while variable costs do.

Both fixed and variable costs change with production levels.

Fixed costs vary with production levels, while variable costs remain constant.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does ROI stand for and why is it important?

Return on Investment

Return on Income

Rate of Interest

Revenue Over Investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Describe the purpose of a cash flow statement.

To provide a detailed analysis of the company's market share.

To track the company's inventory levels over time.

To summarize a company's revenue for the year.

The purpose of a cash flow statement is to provide insight into a company's cash inflows and outflows over a specific period.

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