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WorksheetsGame
Total questions: 20
Worksheet time: 10mins
Finance functions are
Planning for funds
Raising of funds
Allocation of funds
All of the above
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Consumer
Seller
Capital
Demand
In a financial market, the price to borrow money is called the?
Deposit
Interest Rate
Credit
Cost
______________ are property and other items of value owned by a business.
Current assets
Fixed assets
Liabilities
Assets
A _____________________ is a report of the balances in all assets, liability, and owner's equity accounts at the end of a accounting period
statement of cash flows
balance sheet
income statement
financial statement
Finance Functions are
Planning for funds
Raising of funds
Allocation of resources
All the above
The Primary goal of financial management is
to maximise return
to minimize risk
to maximize the wealth of owners
to maximize profit
In his traditional role, the finance manager is responsible for
Proper utilisation of funds
Arrangement of financial resources
Acquiring capital assets of the organisation
Efficinet management of capital
Financial management is mainly concerned with
All aspects of acquiring and utilizing financial resources for firms activities
Arrangement of funds
Efficient Management of every business
Profit maximisation
Financial management aims at
ensuring availability of enough funds
reducing the cost of funds procured
effective deployment of funds
all of the above
What is a budget?
A type of savings account
A way to invest for retirement
A fund for emergencies
A financial plan that defines expenses for a period of time.
can be defined as the science and art of managing money.
BUDGETING
SOURCES OF FUNDS
SHAREHOLDERS
FINANCE
come in many forms that will generate income or appreciate in the future
FINANCE
SHAREHOLDERS
INVESTMENTS
MAXIMIZING WEALTH
