INTRODUCTION TO FINANCE

What is the main objective of finance?

• To avoid risks

• To increase liabilities

• To manage fund effectively

• To reduce customer satisfaction

Which of the following is NOT a primary function of a financial manager?

• Hiring employees

• Dividend decision

• Investment decision

• Financing decision

Which of the following best describes a financial manager's investment decision?

• Choosing suppliers

• Recruiting team members

• Designing the company logo

• Deciding where to allocate funds

Which principle is unique to islamic finance?

• Interest-based lending

• Unlimited speculative trading

• Risk sharing and profit sharing

• Maximising shareholder wealth only

Which of the following is a major advantage of Financial Technology?

• Manual data entry

• Slower transactions

• Higher cost of financial services

• Improved accessibility and efficiency

Finance only involves managing expenses and has nothing to do with income

• True

• False

A financial manager is responsible for making sure the business has enough funds to operate

• True

• False

Islamic finance prohibits earning interest (riba) from any financial transaction

• True

• False

FinTech allows consumers to access banking services through physical bank branches

• True

• False

Blockchain is a technology used in some financial applications to ensure secure and transparent transactions

• True

• False