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Understanding Financial Management Concepts

Authored by S. A. Benson

Business

12th Grade

Used 4+ times

Understanding Financial Management Concepts
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the main goal of financial management in a business?

Maximising sales revenue

Maximising shareholder wealth

Minimising operating costs

Increasing the number of employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial statement shows a company’s assets, liabilities, and equity at a specific point in time?

Income Statement

Statement of Cash Flows

Balance Sheet

Statement of Changes in Equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

0.5

1.0

2.0

2.5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a source of long-term finance for a business?

Bank overdraft

Debentures

Ordinary shares

Retained earnings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of budgeting in financial management?

To record past transactions

To plan and control future financial activities

To calculate tax liabilities

To increase product prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a non-current asset?

Inventory

Cash at bank

Office equipment

Accounts receivable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

\$2,000

\$8,000

\$10,000

\$12,000

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