Finance Quiz

What is the main focus of finance as a field?

• Production and consumption

• Managing and creating money

• Marketing and sales

• Human resources management

Which of the following is NOT one of the three general concepts of finance?

• The sooner cash is received, the better

• The more value, the better

• The higher the risk, the better

• Less risky assets, the better

What does economics primarily study?

• Financial transactions

• Marketing strategies

• Production, consumption, and distribution of resources

• Business management practices

What is accounting often referred to as?

• The language of management

• The language of finance

• The language of marketing

• The language of economics

Which financial system was mentioned as an example of mismanagement?

• Banco Filipino

• Banco de Oro

• Philippine National Bank

• Bank of the Philippine Islands

What is the primary role of the Department of Finance (DOF) in the Philippines?

• Conduct financial audits

• Manage personal finances

• Oversee government income and expenditure

• Regulate private banks

What does financial management primarily focus on?

• Government budgeting

• Capital budgeting and investment decisions

• Personal savings

• Real estate investments

What type of finance deals with the management of an individual's financial resources?

• Business finance

• Public finance

• Personal finance

• Private finance

What is the primary function of financial institutions?

• To sell products

• To provide financial services

• To conduct market research

• To manage human resources

What does the financial system include?

• Only banks and credit unions

• Financial institutions, markets, and instruments

• Only government agencies

• Personal finance management tools