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WorksheetsBUSINESS FINANCE 1ST QUIZ
Total questions: 10
Worksheet time: 9mins
Appointing and removing members of the top management including the president is a role of ____.
Shareholders
Board of directors
Managers
Employees
It means positive result in the operation on the business firm
Profit and loss analysis
cash flow management
Surplus
Capital budgeting
STATEMENT 1: Lender is otherwise known as savings unit.
STATEMENT 2: Bank is an example of financial intermediary
Both statements are TRUE
Only statement 1 is TRUE
Only statement 2 is TRUE
Both statements are FALSE
Financial managers perform data analysis and advise senior managers on profitmaximizing ideas
TRUE
FALSE
This can be seen in the company’s vision and mission statements.
Gather the relevant data
Develop the plan with recommendations and alternatives
Analyze the data
Set goals or objectives
It means the application of the plan
Analyze the data
Develop the plan with recommendations and alternatives
Implement the plan
Monitor the plan
Enumerate the characteristics of an effective plan. (1pt each)
Refers to the quantity of raw materials to be purchased
cash budget
sales forecast
purchase budget
operations budget
refers to the amount of cash that is to be reported in the projected balance sheet
purchase budget
cash budget
sales forecast
cashflow
What is the importance of having a good financial plan for the company. (essay)
