WorksheetsBusiness and Finance Long Test
Total questions: 40
Worksheet time: 23mins
It is both science and art of correct application of the economic and accounting concepts and principles that define the system, structure and process of management, allocation, and utilization of financial resources, inventories, and expenditures.
accountancy
finance
marketing
management
The use of factual information in financial decisions and activities emphasizes that finance is a _______.
banking
tool
science
system
It is considered as the language of both business and finance.
marketing
financing
accounting
saving
He stated that "Financial Management is that activity of management which is concerned with the planning, procuring, and controlling of the firm's financial resources.
James Van Home
Joseph Massie
Deepika and Maya Rani
Kuldeep Roy
The following are the objectives of Financial Management except:
profit maximization
wealth maximization
company's survival
financial management
The finance manager should not only to plan, procure, and utilize the funds but he also has to exercise _______ over the finances.
invest
control
manage
audit
Which management technique should not be included in implementing financial controls.
ratio analysis
saving's interest
financial forecasting
cost and profit control
______ is one of the prime functions of any business organization.
Profit Earning
Capital Structure
Investing
Profit Sharing
It is on the discretion of a financial _______ on to how to distribute the profits.
manager
analyst
consultant
provider
A financial manager understands and calculates the ____ involved in trading of shares and debentures.
profit
risk
revenue
transactions
Finance is the discipline which is mainly based on the cash basis of operations while accounting is totally governed by the _______ system.
capital
accrual
profit sharing
raising of funds
Well-functioning financial markets facilitate the flow of capital from investors to the users of ____.
capital
bonds
markets
money
Markets provide users of capital with the necessary funds to finance their investment _______.
costs
projects
shares
income.
A venue where goods and services are exchanged is called _________.
factory
market
mall
company
It refers to the market where borrowers and lenders exchange short-term funds to solve their liquidity needs
Capital Market
Money Market
Securities Market
Primary Market
It refers to the markets for those financial instruments/claims/obligations that are commonly and readily transferable by sale.
Money Market
Capital Market
Securities Market
Primary Market
A framework for describing set of markets, organizations, and individuals that engage in the transaction of financial instruments as well as regulatory institutions.
Financial Market
Financial System
Financial Intermediaries
Finance
It is often described as the "snapshot" of the company's financial condition.
balance sheet
assets
equity
liabilities
Accounting is mainly vested with the collection and presentation of data while _______ is closely connected with the decision making of the organization.
statistics
financial system
finance
securities
They are markets in which longer term debt and equity instruments are traded.
Capital Markets
Money Markets
Primary Markets
Secondary Markets
They are privately issued equity instruments which have a maturity of infinity by definition and thus, are classified as capital market instruments.
Corporate bonds
Corporate Stocks
Commercial Papers
Financial Market
______ is an agent who matched buyers with sellers for a desired transaction.
manager
broker
trader
dealer
Arrange the financial plans in order.
1. Gather data.
2. Develop a plan.
3. Establish a goal.
4. Implement the plan.
5. Analyze and establish your financial status
6. Monitor the plan and make necessary adjustments.
3,2,1,4,6,5
4,5,6,1,2,3
3,1,5,2,4,6
3,2,5,4,1,6
_____ are formal quantitative statements of the resources set aside for carrying out planned activities over a given period of time.
Budgets
Capital
Assets
Liabilities
The plan that sets the standard against which the performance can be measured
Budget and Review
Budget Preparation
Budget Execution
Budget Accountability
Meant to measure marketing and sales effectiveness.
expense
revenue
budget
finance
Planning and _______ is an analytical application that helps you set up down targets and generate a bottom up budget which is the foundation of organization's opertions.
costing
budgeting
implementing
auditing
_______ identifies a desired output while budgeting identifies inputs to achieve that output.
Costing
Planning
Managing
Financing
This phase includes the release and actual disbursement of funds for the identified functions, work and financial plan and request for allotment.
Budget Preparation
Budget Execution
Budget Monitoring
Budget Allocation
The following are the issues and challenges in the budget except:
Failure to submit supporting documents on time.
Delayed submission of financial statement to the local finance committee.
Early submission of work and financial plan and request for allotment by the department head.
Conflict between the executive and legislation branches of the local government
It is the possibility of losing the big amount of money in relation to investing.
negative profit
liabilities
risk
mismanagement
It is an asset purchased with the hope that it will generate income or will be appreciated in the future.
item
investment
money
stocks
It is a resource that would put money in your pockets.
equity
assets
investment
savings
A sum of money saved or made available for a particular purpose.
funds
loans
savings
interests
It is the increase of the cost of goods that affects our economy.
revenue
inflation
foreign exchange
production
They are funds granted for a year or less.
long-term
short-term
advance from stockholders
supplier's credit
A financial institution that can lend money as much as five times of your shared capital.
bank
pawnshop
cooperative
credit card
Provides cashless transactions and even cash advances.
cooperatives
bank
credit card
pawnshop
It releases money in exchange of your gadget or jewelry or other valuable items.
Bond market
bank
pawnshop
cooperative
It refers to the willingness of the borrower to pay the loan.
character
capacity
capital
collateral
